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

To: Jay8088 who wrote (19134)	9/30/1998 3:50:00 AM
From: OtherChap	Read Replies (1) \| Respond to of 164684

>. BTW, DELL and AOL can also form the same pattern. I think you >would be handsomely rewarded for those far out puts The problem with DELL and AOL is that they actually have a positive cash flow.. Even though both are overvalued by about 5 times, they at least have earnings. Even Yahoo has a tiny profit. Amazon, however, has nothing but widening losses.. (losses increased 100% this quarter, for those who follow analyst estimates) I may consolidate most of my positions into Jan 60 puts tomorrow, depending on how the market opens. October is too soon- Amazon can scam the public until they release earnings- the DAY AFTER THE OCTOBER PUTS EXPIRE.. So go November at the earliest, and preferably the Jan's if you can afford the premium.