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

To: Glenn D. Rudolph who wrote (24986)	11/7/1998 10:06:00 PM
From: Jan Crawley	Read Replies (1) \| Respond to of 164684

Glenn, talking about Yhoo, my current position: (don't laugh) 100 short shares at $119 100 long shares at $121 short 1 Nov 110 puts with $9 prem. short 1 Nov 120 calls with $9 prem. Traded at least 8 times in the past months. I am about to burn out. Seems like I only know how to make money the hard way!

To: Glenn D. Rudolph who wrote (24986)	11/7/1998 10:07:00 PM
From: zax	Read Replies (2) \| Respond to of 164684

That was good. The thing is I will be profitable on AMZN at 90 or below now. Fortunatly, AMZN is not a leader. AOL and YHOO are. I must disagree. AOL and YHOO are grossly overvalued companies with earnings. AMZN is a absurdly grossly overvalued company (2 1/2 times Borders plus Barnes and Nobles?) that will never have earnings. Nonetheless, I wouldn't short Amazon. The manipulators, who have no morals and ethics, think it is okay to squeeze shorters to propel this company's valuation forward and have done so repetitely and predictably. Thus, I say just wait. This stock is an accident waiting to happen. Watch and see.