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

AMZN 220.66

+1.6%

Nov 21 9:30 AM EST

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To: Jan Crawley who wrote (48620)	4/1/1999 3:39:00 PM
From: HG	Read Replies (1) of 164684

<<<why did you buy the Jan 140, soooo far out of the $?>>> I was sick of trading YHOO. It used to be quite unpredictable and I'm not good at taking a loss ! So now with YHOO I just hold the calls...! <<Happy, you are a big call buyer>>> I really lack the resources to buy 1000 shares of every stock I like. And then too, it ties up too much capital for me and the amounts involved would make me lose sleep since I am terrified of price swings (read that as I'm a bad loser). Internet price swings with shares scare me. Calls do not lose as much value as would say a 1000 shares of the same equity. So that kinda works for me in the nets. It also limits my gains as calls move slower than shares. I used to only buy LEAPS. Now I have become more daring and often buy ST options as well, but never hold them long enough, which is kinda sad as I sold my AOLs very early ! But hey, one shouldn't be too greedy !

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