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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (41207)	12/28/1998 6:40:00 PM
From: Tommaso	Read Replies (4) \| Respond to of 132070

These Internet stocks are so weird that their volatility makes it hard to get quotes on options through the CBOE quote system. I mean, I put together the symbol .ZQNSJ, which I thought was a July put on AMZN at 350, and it gives me a price of something like 8 or 9. So it must be for an option at 250. The price has outrun the normal strike parameters. or do i have this right? Actually maybe a 250 July put at 8.5 on AMZN might not be so bad. I just hit it by accident. So what does anyone think about this? I realize it's way out of the money. I admit to floundering in total ignorance, so anyone who wants to deflounder me is welcome to.

To: Knighty Tin who wrote (41207)	12/29/1998 10:49:00 AM
From: Knighty Tin	Read Replies (4) \| Respond to of 132070

To All, I have been having trouble figuring out how insignificant internet sales really are. Here is the scoop. They are estimated to be $13 billion this year. Walmart will do $130 billion, give or take the entire amount from the net, this year. Yes, net sales are growing quickly, but from a dinky base. So, despite the silliness about the wave of the future and all, they are doing better than The Home Shopping Network and are a wee bit higher capitalized. In other words, right now, internet shopping is a big nothing. Sound and fury indicating null and void. <G> MB