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Technology Stocks : INFOSEEK (GO)

GO 10.19

-3.5%

Dec 16 3:59 PM EST

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To: American Spirit who wrote (9084)	5/1/1999 2:24:00 PM
From: SkyDart	Read Replies (1) of 9343

I can relate to a painfull loss...BUT HERES WHAT I AM DOING: Recall a similar situation when AMZN dropped from 199 to 100 and lots of folks had painful losses and you couldn't give the stock away. Everyone was talking about how AMZN was just losing more money the bigger it got... So I bet someone on the AMZN thread that we would see AMZN hit new highs at 200 before summer...and got laughed off the thread. Well I won the bet when AMZN hit 210 last week [up from a low of 89]. Because I daytrade, I could not and would not hold a long position in AMZN for 4 months. However, I could have bought the 5 month calls..say the 140's for around 5 or 6...And sold them for 60 or so... So I am planning to hold my boatload of SEEK Sept calls for at least 4 months OR until SEEK breaks out past 100. A good risk/reward play IMO. DART

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