Amazon.com, Inc. (AMZN) Message Board

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

AMZN 222.65

0.0%

3:59 PM EST

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To: Glenn D. Rudolph who wrote (33619)	1/8/1999 3:56:00 PM
From: KeepItSimple	Read Replies (1) of 164684

Glenn, the only way I have profited in this market is by playing ENTIRELY options. If I had been short the same dollar amount in actual shares on many of these internut stocks, I would be in the hole for millions of dollars. With puts and calls, I decide beforehand exactly how much I am willing to lose. And I never bet more than I can stand to lose. It allows me to stand back from the daily price action. Daily price swings of 60 points are literally impossible to withstand, and the market makers know it. Since you've looked at the price, I'll tell people that Amazon is now down 4 points for the day, at 155. It's dropped 45 points in 2 hours. What goes up, DOES come down. It is NOT different this time, for all you blind longs out there. If it walks like a bubble, talks like a bubble, and squawks like a bubble, it IS a bubble.

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