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


To: Wayne Jackson who wrote (38793)2/8/1999 3:47:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164687
 
Glenn, thinking about Feb 100 puts, but just saw an analyst on CNBC saying AMZN
could almost be a buy if it comes down a little more. Any thoughts? Thanks


Wayne,

My track record on AMZN is terrible. For what it is worth, I believe the puts have too much premium. That is my thought. The instituions still hold a lot of shares too. It is a difficult call for sure.

Glenn



To: Wayne Jackson who wrote (38793)2/8/1999 3:50:00 PM
From: GST  Read Replies (1) | Respond to of 164687
 
Wayne -- I own Feb 100 puts -- I expect the stock to fall through the strike price but I do not expect this to be a very profitable trade. The premiums are too high to make AMZN an attractive play -- I make money elsewhere, although I do pay attention to what is going on with AMZN.