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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 232.93

-2.4%

Feb 4 3:59 PM EST

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To: Lizzie Tudor who wrote (62256)	6/13/1999 11:35:00 PM
From: Mark Fowler	Read Replies (2) of 164685

What do you think about that person who wants to write naked puts on ebay? I think the volatility in these stocks causes people to behave irrationally too. I don't know if naked puts are a good idea or bad btw, however that has got to be about the riskyest move you can make this entire year. << It will be very risky. Key indexes are holding on support levels yet and it would be presumptous too try it in here now. I gave support levels early to watch for On IIX i would not go short and until they are taken out and would be very selective on certain stocks. I do expect more voltiltiy in here though and would not be margined on any long position in this sector until a clear basing pattern has began to develop. So Michelle i'd would be cautious long or short. Key is to watch your support and resistance levels closely.

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