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

AMZN 244.13

-2.4%

1:53 PM EST

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To: 16yearcycle who wrote (68839)	7/22/1999 11:07:00 AM
From: Tom Kearney	Read Replies (2) of 164684

Gene, Yes, mostly. I don't feel comfortable playing short term moves; I 2nd guess myself too much, and I would want to spend more time tracking it than I can. I'm sticking to my medium term plan. I have unloaded about a 3rd of my position in last weeks as posted and have a cash balance overall of 15% (against about -25% a month ago). I'll probably sell a tiny bit of AOL this afternoon and still have to deal w/ some MSFT calls which I was SUPPOSED to sell Monday but didn't.;-<< I sold calls against my AMZN, QCOM, CMGI and EXDS Monday. Haven't actually sold any AMZN, and probably won't. I may sell calls against YHOO today. I traded like a maniac Feb thru Apr and didn't gain much. I'm still at about +80% and Nov 1 is going to be such a slam dunk I think, I want to try and wait. This has been my dream scenario for 3 years but I never carried it out. I'm going to try and stick with it this year. There's plenty of grist for the bears and I think they'll take the bait. Good luck to you! Tom

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