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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 224.60+1.8%9:49 AM EST

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To: allen menglin chen who wrote (89003)12/30/1999 2:29:00 AM
From: craig crawford  Read Replies (3) of 164684
 
>> His asset is larger, i don't think anyone can match your result since they cannot buy that many options as you did w/ larger pool of $ <<

Yes you can. Do you really think it's that hard to buy a couple thousand contracts of MSFT or AOL options?

>> I think you'll take much less risky positions once you reach 10 million! <<

I may reach that next month! (heheh). Is that what AP claims to have? 10 million? He's an old man isn't he? Age makes a big difference. If he was 25 years old and had 10 million he would be good. If he's like 40 or 50 no big deal. This mania has made lots of baby boomers multi-millionaires

>> Probably no more short term OTM calls anymore. <<

Speak for yourself. Short term OTM calls have been working in tech stocks the last few months. I'm not proposing this strategy for the next 10 years. I will stop buying gobs of OTM calls when I think the market prices them too high or it looks like tech stocks want to cool off.
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