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

AMZN 227.58

+0.4%

3:59 PM EST

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To: fedhead who wrote (17276)	9/15/1998 1:35:00 PM
From: craig crawford	Read Replies (1) of 164684

>> Do you think we are beginning the next upleg of the bull market only this time led by small caps << No, not really. But I can never gauge the market until I see the trend develop. I'm not good at catching turns in the market. What I do is wait until it's clear to me that the market has turned and then I load up to make up for not catching the bottom or top. Works well for me. For example I didn't see the market turn July 20th or whenever the top was, but as soon as I figured out we were in trouble I stepped up the shorts heavily. AMZN was my largest until I closed it out. Actually I closed it out and then re-opened a couple times, and went long twice in between. If I was real bullish on the market I wouldn't write covered calls. I think we are range bound with a downward bias.

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