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

To: Bill Harmond who wrote (17731)	9/21/1998 6:50:00 PM
From: Jo_Bidou	Respond to of 164684

Like most of us, i really think that AMZN is over-surevaluated. Then when i saw the premium asked for the Oct calls, i said to myself, why not to sell short 10 of OCT 80 calls (when AMZN was at 78-79). Over 8 000$ for 4 week is not really bad theses days. Just before the lunch, i smell some bull sign so i covered my calls by an equivalent number of stock at 80$. Good idea...... If the stock tank as i hope, i just have to sell back those share and wait the expiration day. If Amzn goes to the roof, i will still have made 10% in one month. Not really bad too. Claude

To: Bill Harmond who wrote (17731)	9/21/1998 7:28:00 PM
From: Jan Crawley	Read Replies (1) \| Respond to of 164684

So there won't be any confusion, I bought 500 AMZN @ 88 1/2, 1,000 @ 85 1/2, and 500 @ 84 1/8 on 9/9; 1,000 @ 78 13/16 on 9/10. So I'm long 3,000 shares. If I sell it, I'll let you know. Are your selling-price-targets flexible? Is this a short-term hold/trade? Thanks.