Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Kailash who wrote (16742)	1/8/1999 12:22:00 PM
From: McNabb Brothers	of 18691

Kailash, I said the time is getting near, not that I have pulled the trigger! When AMZN is making 30 point moves in a day it does not take long to get to a price target. Still waiting and watching! When I do pull the trigger, I'm looking at selling the Feb. $200 call naked on AMZN and right now it is trading for about $28 to $30 a contract. A lot of people think that is more dangerous then selling the stock short, but really it is not. If I sell it for say $30 then AMZN will have to go to $230 for me to even begin to be hurt! Lots of time value to expire in the mean time, which I love to sell a wasting asset such as options are! Hank

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