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

To: KeepItSimple who wrote (33446)	1/8/1999 11:08:00 AM
From: Jay8088	Read Replies (2) \| Respond to of 164684

Reminds me of the mistake I made a couple of months ago. I thought AMZN was overvalued at 20 (split basis). Loaded up on puts and became a roadkill (to put it mildly). All that truckload of puts represent shares shorted ( I believe most option sellers are hedged ) And it is precisely these shorted shares that are powering this thing higher - because they have to BUY them back. So I am not sure how or at what price this thing would stop rising. It has left the reality as we know it a long time ago, IMO. But I wish you luck in bagging this monster.