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


To: OtherChap who wrote (28544)11/30/1998 4:10:00 PM
From: Jeff Mizer  Read Replies (1) | Respond to of 164684
 
OC-
I think my Dec 200 Puts are looking real good.... plus 7 on it today but....
I have thought this way before!

Jeff



To: OtherChap who wrote (28544)11/30/1998 4:21:00 PM
From: Barry Stewart  Read Replies (1) | Respond to of 164684
 
<<They can fall just as quickly.>>

Ditto + ! With Margin tightening, these stocks will fall at an even greater rate than they rose.

Lookout Below.

Barry



To: OtherChap who wrote (28544)11/30/1998 4:31:00 PM
From: Rob S.  Read Replies (1) | Respond to of 164684
 
OC, the FED is not requireing brokerages to have 100% cash as you posted. I have heard that most brokerages have not changed their requirements and only a few have tightened much. where did you get the 100% margin requirement? I listened to CNBC and didn't hear that.

Regardless of the degree, this will chill the market for these stocks. But the darlings won't crash to the floor anytime soon. I'll stick with my earlier forecast that AMZN will move down to 170.



To: OtherChap who wrote (28544)12/1/1998 3:36:00 AM
From: Jay8088  Read Replies (2) | Respond to of 164684
 
<< Could this be the "bombshell" that finally brings these flying turds back to earth? >>

I think that is very probable at this point. Just recently the short squeeze has gotten so bad that nobody even dared to short the monster anymore. Just look at the chart. AMZN would probably open gap down tomorrow morning and will form the 'island top'. Technicians can draw their conclusion!

When the sleaze behind 'AMZN miracle' starts to surface, the entire internut sector could get trashed.