Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Sarmad Y. Hermiz who wrote (46367)	3/18/1999 8:31:00 PM
From: Jan Crawley	Read Replies (3) \| Respond to of 164684

It already made 2. Is this the start of the 3rd or a trip to the moon Sarmad, I think that the Amzn options tables say a lot. Unlike Dec and Jan, there is little cry out currently from desperate naked calls writers and puts buyers. We do not have heavy call buyers. There are over 4K March 140 call contracts initiated today, but we do not know if all of them are open contracts. With premium traded under $2, it does not carry much weight. Unless heavy buyers come in tomorrow both in stock and in calls, options writers will try hard to discourage $140. We may get $130 for the option closing. But watch out for Apr. calls next week!! As always, Amzn is a "shorts" story. With much larger float, if shorts are short in number and quick in covering, then new highs is a far away dream. Anyway, have a super next week and play safe. I have GTC orders to sell @169 and @189, to buy @113, for 100 shares each. Just for fun and just in case.