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

AMZN 239.12

+0.4%

Jan 16 9:30 AM EST

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To: Glenn D. Rudolph who wrote (6256)	6/17/1998 12:20:00 AM
From: F The	Read Replies (2) of 164684

>>Since the stock is difficult to obtain to short and if one wants to participate in the downmove when it begins, then buying puts will add back positions. The problem with buying puts is you loose a lot of points due to the time premium you pay. If you are "certain," the fall is in place write deep in the money calls. That is now may plan to add to my position on the way down.<< Glenn, I like the idea. I continue buying puts, and keep loosing but I shouldn't stop because persistency and consistency will pay off eventually or at least, will recover a little bit. Believe it or not I can't write naked calls, and I should call my broker to let me do that. Well, it is a good idea to cover some of your shorts and replacing them with options is a good way to minimize the risk a little bit. Regards, Felicia

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