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

To: GST who wrote (41029)	2/18/1999 8:03:00 PM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

GST, I know you are out of this. But as a guessing excercise. This may even help when NEM expiration approaches. if we assume that most puts were sold by MM's who hedged them by shorting stock, the the net result is short interest will be reduced by a million shares or so tomorrow. That is somewhat negative for this stock, since its rallies seem to be fueled by short covering. If the naked puts were sold by individuals, then their accounts will get smaller, possibly forcing them to sell some holdings. That is negative, also. I don't see any way that tomorrow's expiration is positive for amzn. However, I strongly suspect that the recovery toward the close occurred because retail buyers think that tomorrow the stock will pop up due to expiration. They think that because for the past year and half that's what happened each and every time. Of course those were CALLs expiring in the money, giving panic buying support compounding short covering. Tomorrow will be different. What do you think the CPI will do tomorrow ? or are you out of the guessing game ? -Sarmad