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

To: Glenn D. Rudolph who wrote (31959)	12/31/1998 11:40:00 AM
From: Jan Crawley	Read Replies (1) \| Respond to of 164684

Glenn, updates as of 12/6: Amzn - Float, 20 million shares(?), short interest 6.7M Yhoo - Float, 39 million shares; si-6.8M Inkt - Float, 15 million shares(?); si-less than a million shares. If the above info is "correct", the Amzn short-interest number is still too high. We all know in our hearts that what kind stress the short-covering has been contributing to the price momentum, $260 points in about 100 days(from $100 to $360)...I guess the 6.7M short interest # does not reflect the professional options hedges. p.s. If Inkt's float is 15M with less than 1M short shares, then there is no price MO, split or not??

To: Glenn D. Rudolph who wrote (31959)	12/31/1998 2:03:00 PM
From: Bo Le	Read Replies (2) \| Respond to of 164684

Glenn, I have some AMZN Jan. 99 260 puts. But I am not sure if AMZN will drop by Jan. 15, 99. I feel more certain that AMZN will drop to $50 level from $320 by April, 99. So if my Jan. puts become worthless in Jan. 15, 1999 ( I like that to happen because that imply there are plenty of room for AMZN to drop in Feb. and March next year), then I will buy at least 10K worth of AMZN April puts. I consider my Jan. puts as an insurance policy. I believe there are a few individuals who consider most AMZN (and internet stocks) investors who buy AMZN using their hard earn money and us who go against the trend are fools. But they need a way to realize their paper profits. I don't know how they are going to do that. But until the day they decide to exit comes, we will keep losing money and AMZN fool buyers will keep see their profits go higher and higher. I just feel that day is very close. My best guess is some where around middle or later Jan. 99 when AMZN, YHOO, AOL all reporting beating expectation results. Let's wait and see. Bo Le