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

To: Sarmad Y. Hermiz who wrote (59257)	5/30/1999 6:21:00 PM
From: JC Reddy	Read Replies (1) \| Respond to of 164684

It will. Denial cannot last forever. AMZN may have some jumps now and then, but the overall trend will be negative for a while (my guess until $50). Bullish analysts also keep retelling the same stories about how AMZN is positioning itself with a strong e-commerce strategy. They are slowly losing the credibility as well.

To: Sarmad Y. Hermiz who wrote (59257)	5/30/1999 7:17:00 PM
From: Jan Crawley	Respond to of 164684

Sarmad, I was pending May180 to 210 puts while Amzn was trading @220: but my premiums were too "cheap" to be filled. What a sorry story! Now, Amzn's Jun120 to 140 calls were trading from $5 to $2 on last Friday. If the Barron's article pulls Amzn down on Tuesday, I will place pending calls...I am thinking Jun120 for $3 premium and Jun130 for $2 premium.