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To: Sam Citron who wrote (62540)	6/14/1999 9:41:00 PM
From: KeepItSimple	Read Replies (1) \| Respond to of 164684

> I think the risk/reward favors the long side now. These stocks are all up 7-10x from their IPO prices. Plenty of room left to fall. >So must you, or you would not have sold puts. My mom didn't raise a dumb child. When presented with the opportunity to take profits, I'll do so. I bought some wildly out of the money puts before todays close that will make serious cash if the internuts drop another 40-50%. But I'm not going to lose sleep if they expire worthless. Wheras I would be sleeping but broke if my last batch of puts expired worthless.

To: Sam Citron who wrote (62540)	6/14/1999 9:49:00 PM
From: KeepItSimple	Respond to of 164684

"But it's different this time!" > Ken Galbraith is a good writer, but you forgot one thing: This is 1999, not 1929.

To: Sam Citron who wrote (62540)	6/14/1999 10:11:00 PM
From: Rob S.	Read Replies (1) \| Respond to of 164684

Sam, there you go again . . . <The major nets (YHOO, AMZN) have corrected about 50% and are at major support levels.> Are you living on Bizarro World where everything is reversed? AOL, AMZN and YHOO just crashed through their support levels - don't take anyone's word for it on this thread, just read any number of analyst's commentaries on the day's events. These stocks are NOT at major support levels, that was last week's situation, they are lower than the support levels. You had your chance to sell your Internut shares and walk away with some money, now there is no telling where they will go. The trend is clearly down and psychology of speculators has been clearly shaken - is it that difficult to get that? Sure these stocks may bounce because they have gone down so much, but predicting when that will happen while they are still in an "orderly retreat" can be suicidal. And if they do bounce somewhat, there will be no quick return to enthusiasm - too many scars have been left on the minds of traders who now wish they had sold when these stocks were 50%, then 30%, then 20%, then 10% higher. Good luck, I hope you get a big, big pop to sell into. Or just hold onto your shares and wait it out until next fall or winter. There is a better chance that they will be up by then. I'm not sugesting that these are worthwhile investments at this point - there are better places to have your money now.