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

To: uptick who wrote (19237)	9/30/1998 2:14:00 PM
From: Money Maker (MM)	Respond to of 164684

Are we going to see a morning gap tomorrow?....:) MM

To: uptick who wrote (19237)	9/30/1998 3:53:00 PM
From: uptick	Respond to of 164684

I think a reason why the stock has not tanked today is because 9/30 is the last day that portfolio managers can window-dress their holdings with high flyers. My strategy is to pairtrade AMZN by shorting its shares and long the ITM calls in NEM and ABX. The mining stocks will continue to do well in the near term and will help hedge your downside exposure in AMZN and the market, in general. This strategy would blow up only if the global turmoil improves drastically and, thus, decimates the mining/hedge calls and cause AMZN to run up another 100% in 2 weeks. Somehow, I don't see this happening in the near term. If you're lucky, you will make money on BOTH sides of the trade. After yesterday, there are few stocks that are as weak as AMZN, technically and fundamentally. YHOO earnings might give it a brief lift but its own earnings or warning will kill it.