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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: Bilow who wrote (4659)	5/24/1998 2:14:00 PM
From: zebraspot	Read Replies (1) of 164684

I rolled my OCT puts(80's and 100's) over to JAN puts last week. Granted, kind of a conservative approach to shorting this thing - however, if it goes as low as some of us think it will eventually, ALL puts will make good money; why not pay a little extra for some anti-anxiety protection by owning the JAN's? (If you roll over from the OCT's to the JAN's,, and you happen to be down in your OCT's, you can book a tax loss, resume your position immediately, and there is no(as I understand it) "wash rule" problem -- OCT and JAN are not "substantially like" securities.) Obvious shorts like Amazing.Con: Is this a great country, or what?!

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