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

AMZN 229.55

+0.2%

12:54 PM EST

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To: Sarmad Y. Hermiz who wrote (43346)	3/2/1999 10:56:00 AM
From: Jan Crawley	Read Replies (1) of 164684

Sarmad, Don't have much idea about today, but just placed a buy order for 100 shares at $125 7/8. If e-bay slips towards the end of the day, then I think Amzn will too. But I think that e-bay has been under tremendous "short squeeze" such as Amzn was, therefore it's so hard to say. But for the next few weeks or so, I will, 1. keep a 100 shares long bias; which means 400Long/300Short during daily dips. 2. Will enlarge/upgrade my box to 500 shares if Amzn goes above $150. The maintenance cost for a 500-shares-box is reasonable, and I will just sit tight and wait for a blow up if it happens. If it does not by May, I will just close the box. Anyway....I sold Asnd trading shares at $78, will buy back again if I can. Not doing anything with Intc, but if it drops to around $105, I will write 10 puts one month at a time.

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