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

AMZN 232.38

+0.1%

Dec 24 12:59 PM EST

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To: allen menglin chen who wrote (88129)	12/21/1999 4:03:00 AM
From: craig crawford	Read Replies (1) of 164684

>> Craig, You must be VERY BULLISH about Softies << Yap. As bullish as I was on AOL in late Sep when it was 85 (pre-split). As bullish as I was when I implored William to buy more VERT and he said "Geez, Craig. I AM long." (He wasn't long enough...hehe) >> buy option on its first day pullback! Open my MSQAV (Jan 125 call) as Craig suggested -- only 50% though, I'll prepare to average down another 50% in the next 2 days. << True, it's first down close after 7 up closes, but I bought 5 points off the intraday high set 2 days ago. I only bought a fraction of what I might end up with. I plan on buying twice as much on the next 2-3 points down, and then twice as much as that on the following 2-3 points down. So if MSFT keeps pulling back I could end up increasing my position sevenfold. (1 + 2 + 4 = 7) I'm not going to try to time MSFT, I am just going to dollar cost avg my call position higher. I spose if the bonds just totally collapse I will have to rethink this strategy. For some reason the 125's looked like a better deal than the 120's and 130's. Perhaps there are a lot of bids for the 120/130 because they're a nice round number?

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