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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: OtherChap who wrote (14406)	8/23/1998 5:28:00 PM
From: zax	Read Replies (1) \| Respond to of 164684

I promise you, OtherChap, AMZN will hit 1000 per share by 2001. Buy it now, and you will be a millionaire. Richard H. Walker, Director of the SEC's Enforcement Division, said, "Investment opportunities come in all shapes and sizes. So, too, does fraud. Scam artists are forever seeking novel ways to rip people off. Witness the rise in microcap stock scams on the Internet. The cases we bring today are a shot across the bow of present and future fraudsters: First, whether they work on Wall Street or in Hollywood, we're going to catch them; second, fraud on the Internet and in the microcap market will not be tolerated; and third, with the help of investors who do their homework before they buy securities, the SEC can help prevent fraud before it happens." Mr. Walker commented on the importance of teaming with other agencies, saying, "The cases we present today demonstrate the SEC's desire to work closely with fellow regulators and enforcement agencies to bring maximum resources to bear on fraud in the markets." Mr. Walker also noted the crucial role that investors play in preventing fraud and policing the markets. He said, "When a stranger calls you at home guaranteeing unbelievable returns on your investment, or when a glossy package arrives in your mailbox promising a deal that's just too good to pass up, remember that if it sounds too good to be true, it probably is a scam. Before you buy securities from a stranger check with the SEC or your state's securities administrator to make sure the investment is registered. If not registered, your investment will involve less disclosure and more risk. And importantly, read the prospectus before making an investment and ask questions if you don't understand something. With this type of teamwork we'll be able to stop the fraudsters before they claim their next victim." I honestly can't imagine why the SEC would investigate Amazon.com. Its far from a microcap. There are no victims here. Just farsighted investors, spurned on by reputable brokerages, and unimaginable future gains. Besides... there is no such thing as a $6B pyramid. RCA was properly valued in the 1930s. They just screwed up and forgot to capture the over-the-airwaves book sales market. They deserved to drop from $160 to $3 per share in a period of 18 months. All is well. The market is efficient. God Bless America

To: OtherChap who wrote (14406)	8/23/1998 6:07:00 PM
From: Jan Crawley	Read Replies (1) \| Respond to of 164684

The trick is not to bet against them, but to bet in the "gaps" they leave open. For instance, on monday the logical course of action would be for the MM scammers to purchase puts and then dump those big blocks of common stock that they purchased last week to inflate their call prices. They'll hold the puts for a while, as the stock drops, then they'll dump them at a profit and buy calls again, then buy big blocks of common stock to push their calls up, possibly squeeze the shorts, and then the whole cycle repeats. OtherChap, That's exactly what all my option-table-printouts telling me too!! I traded calls/puts, 2 or 3 contracts each, took $2 or $3 premium profits within the same day or next day. Please keep posting!