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To: Voltaire who wrote (33747)	1/8/1999 10:36:00 PM
From: Mark Fowler	Respond to of 164684

Right on and the fact it's the weekend. Thanks great observation.

To: Voltaire who wrote (33747)	1/8/1999 10:43:00 PM
From: Jenne	Read Replies (1) \| Respond to of 164684

U.S. OPTIONS/Investors continue to chase calls CHICAGO, Jan 8 (Reuters) - Investors continued to chase equity calls on Friday amid broad-based optimism about the prospects for the stock market, traders said. The S&P 100 closed 3.26 points higher at 636.02, having set a fresh record at 637.34. Other key indices also scaled new peaks. ''People are wildly bullish. We saw very heavy call buying and it's getting to dangerous levels,'' said Jay Shartsis, director of options trading at R.F. Lafferty & Co. ''We're at the tail end of this bull market,'' he added. Larry McMillan, president of options advisory group McMillan Analysis, said recent call buying has been the heaviest he has seen since he began trading options in 1973. ''It's definitely a problem,'' McMillan said of put/call ratios. ''But where does it stop? It can go on like this for a while longer.'' Traders noted that the equity put/call ratio on the Chicago Board Options Exchange, the nation's biggest options exchange, was bearish, as was the dollar-weighted equity put/call ratio on the American Stock Exchange, the second largest options market. Shartsis said the Market Volatility Index , which measures implied volatility of several strikes on OEX options, also looked negative with a close of 23.88, down 0.27 point on the day. Among individual stock options, implied volatility on Amazon.com Inc. (Nasdaq:AMZN - news) options got crushed into the close, ending around 130 percent, having spiked as high as 180 percent earlier. ''It was unbelievable,'' said Paul Foster, investment strategist and editor of 1010WallStreet.com. ''Anxiety is high with the stock at these levels.'' Amazon.com shares ended up 1-3/8 at 160-1/4, after surging to a new record at 199-1/8 and dropping as low as 152. Foster said he believed stock volatility would stabilize next week. More Quotes and News: Amazon Com Inc (Nasdaq:AMZN - news) Related News Categories: options, US Market News

To: Voltaire who wrote (33747)	1/9/1999 12:15:00 PM
From: Sonny	Read Replies (2) \| Respond to of 164684

You are absolutely right Voltaire ... thats what I expected would happen on Friday afternoon, and it did; almost same thing happened to RNWK Friday- they flushed out all the hanging GTC sell orders of old longs and got it real cheap at 50 imho! Expecting the beginning of a real good run for Real Networks next week. In fact, I guess, here is a REAL opportunity again to multiply your AMZN millions 3-4 times again in the short term with RNWK! cheers, -/Sonny.