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


To: William T. Katz who wrote (33558)1/8/1999 1:58:00 PM
From: Jay8088  Respond to of 164684
 
When I shorted AMZN last October, it had the market cap of 5 Billion or so. I thought it was ridiculously valued. Well, today it added 5 bil in market cap in just ONE day.

Hmmmm....I guess I was wrong.....



To: William T. Katz who wrote (33558)1/8/1999 2:23:00 PM
From: Rob S.  Read Replies (1) | Respond to of 164684
 
We'll, there are probably about 4-8 million shares that will need to be bought to cover the outstanding naked calls (my idiot guesstimate). That could keep some upside pressure on the stock through Monday as the brokerages call in the chips.