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

AMZN 244.25

-2.0%

3:59 PM EST

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To: Sam Citron who wrote (100745)	4/14/2000 9:44:00 PM
From: Jan Crawley	Read Replies (3) of 164684

I'm currently short IBM April 85 puts and may very well roll into MSFT puts. I like to use longer expirations and go 20% or so out of the money.. Thanks for your reply. I am looking at the options-tables and I see your strategies. Mine is probably too simple - Intc was trading close to $33 during June/98 and Msft was around $50. Intc is well over $100 and Msft is only $75 due to the low-visibility. I am thinking to have it as a very long-term hold, but will make the moves very slowly. p.s. Heard early today that the margin debt balance was $278B at the end of March(78% increase from 3/99). Not much "sense and sensibility" in this Mkt.

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