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

AMZN 248.37

+1.6%

3:59 PM EST

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To: Bill Harmond who wrote (49871)	4/12/1999 11:46:00 AM
From: mogwai8myball	Read Replies (2) of 164684

hello william, glenn and everyone. I'm a first-time poster, long-time reader to SI and this excellent thread in particular. I'm relatively new to investing/trading (first buy was 300 shares of RNWK IPO @ 18 1/4 in fall of '97. Sold for a loss at 16 and change in Jan. '98. OUCH!). I have had my share of ups and downs since. I was totally freaked out by last year's late summer/early fall meltdown, but was able to make back those losses in the later fall months. I was humming along nicely until i got caught in the nasty NSOL downdraft last month (talk about having a mind dump). Fortunately, i took a chance on options and was able to recover nicely via EGRP calls (incredible, april 65 calls were going for 1 11/16 two fridays ago!) I have been hooked on options ever since (have GNET May 120s, NSOL May 120, DRIV May 60, BRCM May 90s and SOF May 55, all calls of course.) I think AMZN will surpass its old 52-week high (think catalyst will be earnings report) and would like to buy May 200 calls. My question is should i wait until after options expiration this week to get a better price? Thanx in advance.

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