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

To: The Perfect Hedge who wrote (16349)	9/7/1998 10:13:00 AM
From: James Strauss	Respond to of 164684

Beeb: I think the greater returns will be on AMZN PUTS... There are no earnings there for several years to come... The stock is propped up on hopes... While people are betting on hopes other on line book sellers that know how to make a profit will be taking away market share... Barnes & Noble started doing it, and others will do it... This could push out expected earnings further into the future... The OEX is made up of many companies with earnings... So, it's downside vulnerability is less than AMZN... If AMZN drops to 50 it would represent a 42% drop from current levels and still be over priced... At worst, the OEX may drop another 10 to 20% from current levels... So, without question, in my mind, AMZN is the much better PUT play... Jim