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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: August who wrote (62136)6/13/1999 2:00:00 AM
From: KeepItSimple  Read Replies (2) | Respond to of 164684
 
I for one am thankful to have people such as William in the market. You see, if it weren't for them, the premiums on AMZN/EBAY/YHOO/AOL puts would be 10x the current price.

Because people who were incredibly lucky for the last year by going long these internuts, are simply unable to comprehend that it was in fact nothing more than luck. They will continue buying the dips, and transferring the wealth back to the shorts.

It is indeed unfortunate that the "smart" investors had their heads handed to them in the mania. I can only hope those same investors can gather together enough money to buy puts, and have the final laugh.

> But the prophet knows he has future truth and the market is wrong. Thus he always
> has the right to "cementhead" every one with dissenting views.