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

AMZN 220.66

+1.6%

Nov 21 9:30 AM EST

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To: Sam Citron who wrote (101000)	4/15/2000 10:28:00 AM
From: H James Morris	Read Replies (1) of 164684

>No question that hedging strategies are extremely useful tools. Sam, I agree. A case in point. I still like Msft but was concerned about this market...so what did I do?...called Goldman and told them to match all my long shares with new short shares. Yeah! I wouldn't have made a dime if Msft had gone up...but it didn't...what have I accomplished? I haven't lost a dime. Some people think hedging has a negative connotation! To me...I call it nothing but insurance. Bet you $100 bucks there's a few out there... Who wished they'd got a little insurance on the stocks they still like, but didn't what to sell them.

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