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

AMZN 222.55

-4.4%

Nov 18 3:59 PM EST

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To: Robert Rose who wrote (92426)	1/28/2000 9:36:00 AM
From: craig crawford	Read Replies (1) of 164684

I've been pounding the table on VERT for the last week. (50 points ago). Obviously it's looking down, that's when I want Glenn to buy it. :) P.S. I wrote the Feb 280 calls for 30 yesterday so let it fall. I get 30 points of insurance to the downside, and if it runs to 310 where my gains are capped out the calls will be 30 points in the money and only carry a premium of 10-15 points, so I can buy them back. 30 point on the downside versus only 10-15 loss on the upside? Seemed like a good risk/reward to me considering VERT has been up for 3 days in a row fighting a weak Nasdaq.

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