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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Michael Rich who wrote (22822)	1/21/1999 10:57:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Opportunity trade-- a dead cat bounce to 130 on AMZN- and 320 on Yahoo- expecting to make some money here using DOT as a proxy to pay for my long calls- so actually it is a hedge investment. DOT is a 60000$ contract and I am exploiting what I think was an arbitrage- I saw 80 as a 50 days support on AMZN and 245 as yahoo 50 days support. If all hell breaks loose I am out of nothing as DOT long calls I have sold will take care, on the other hand if my theory is correct I will be able to have some good run,, last not least owning AMZN at 80 is not like owning AMZN at 199... whereever excesses are committed in my opinion we have an opportunity..

To: Michael Rich who wrote (22822)	1/22/1999 12:33:00 PM
From: Jerry Olson	Read Replies (3) \| Respond to of 50167

Mikey someday i WILL learn<g>...got out today even, had a double i day before...Judy always hit's me with bricks when i do this, hehehehe. anyway the nets, are they fabulous...even got IKE involved...and then you kinda surprized me too...never though of you as a gambler<g>.. actually AOL hit my downside target today exactly on the P&F number 135...bingo...i guess AMZN & CMGI are starting to get a pattern, a tradeable pattern..80 looks like the bottom for CMGI... people love the netnuts.....:>}