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

AMZN 232.12

+1.6%

3:59 PM EST

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To: Peter Church who wrote (6362)	6/17/1998 10:29:00 AM
From: Glenn D. Rudolph	Read Replies (1) of 164684

Finally threw in the towel and bought back most of my naked calls. I still have 10 Jan 45's and 6 October 50's although I'll probably get a margin call on those today. Does anyone have advice on what to do to protect my loss today on these naked calls. I've been slaughtered on this one too. Peter, I really cannot help. I bought calls agains my short when the stock was at 80. Now it appears it will move down so I would say stay the course and I should sell back my calls. However, this stock does a head fake every day. I wish I could help. Glenn

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