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

To: John O'Neill who wrote (27660)	11/22/1998 1:08:00 PM
From: Gil Gilbertson	Read Replies (1) \| Respond to of 164684

What you mean is are they thru manipulating it?...That dive on Thurs close was calculated to be sure. It was perfect genius...Hold the short squeeze on until day before options expire, then near the close on Thurs some one dumped just enough big blocks to start a selloff that was arrested at 153...Then I imagine they sold the 150 puts like mad and bought up all the Nov calls above 155 they could get. Someone knew the announcement of a 3 way split would panic the shorts on Friday...Lets face it they made a killing....I would imagine our next view will be for them to bring a pre sold secondary to market in early Jan...The management at AMZN wants to get all they can get for the stock and will do anything they can to promote it.. They are working against a deadline as Barnes and Noble-Bertlesman is heading for an internet spinoff IPO very shortly. Unless one is a visionary,it is a diffult play on AMZN. Last Thursday would have beena perfect scenario to have played cheap options on Nov both ways and it would have paid off handsomely... No, I missed the boat and hindsight is still 20/20.