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

To: Bill Harmond who wrote (39979)	2/14/1999 12:55:00 AM
From: GST	Read Replies (1) \| Respond to of 164684

Sarmad--there are a couple of other ways. LTCM, the hedge that helped set us up for Oct., is part of the brave new world of short gold sales -- nobody seems sure, but estimated at 8,000 to 14,000 tons, borrowed at super low rates, sold, and then used as a base for all manner of high octane derivative game playing. This is a back door form of liquidity. The gold is being 'loaned' by central banks -- 'sold', although not delivered. This is very explosive, because the short position must be managed to keep the lid on. Imagine trying to cover that thing in a liquidity squeeze!! Avoiding that was one of the keys to prevent meltdown last October. Did you notice Abelson today saying -- sell the nets and buy gold? If you make a killing short AMZN next week, you might want to roll it into calls on NEM -- <VBG>.