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

To: Bill Harmond who wrote (69376)	7/24/1999 7:16:00 PM
From: Glenn D. Rudolph	Respond to of 164684

I think you have the right idea. It's tough to give up ontrol, but I think it's the smartest thing to do with these stocks. William, My thinking yesterday morning was that Amazon would fall further. Then later in the day I concluded this may be the bottom. I feel quite confident that Amazon will continue higher in time. You are correct in that it is difficult to give up control but once I discovered I had no clue where Amazon would be later Friday much less sometime next week, I thought I should own it. This movement cost me a few points which will not be an issue over time and in fact, would become a total non issue if Amazon remains under 125 through August expiration. I did like my 145 calls better:-) I learned a lot during the last year or so in the market and decided buy and hold works best with top notch companys. I have some trading I like to do as entertainment but my main goal is equity growth. Michelle made a good point in her post that asked if I knew what I was doing. It was evident to her I did not and should therefore, be evident to me. Glenn