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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.99-1.1%2:47 PM EST
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To: Sam Citron who wrote (62540)6/14/1999 9:41:00 PM
From: KeepItSimple  Read Replies (1) of 164684
 
> I think the risk/reward favors the long side now.

These stocks are all up 7-10x from their IPO prices. Plenty of room left to fall.

>So must you, or you would not have sold puts.

My mom didn't raise a dumb child. When presented with the opportunity to take profits, I'll do so. I bought some wildly out of the money puts before todays close that will make serious cash if the internuts drop another 40-50%. But I'm not going to lose sleep if they expire worthless. Wheras I would be sleeping but broke if my last batch of puts expired worthless.
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