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

To: Lizzie Tudor who wrote (69403)	7/24/1999 11:12:00 PM
From: Glenn D. Rudolph	Respond to of 164684

Kis might be hurting from his last call, I lost a lot in options once, you are on the wrong side and its a wipe-out. I like trading options but restrict them to 10-15% of a protfolio or 50K, whichever is smaller. Michelle, KIS may be hurting. I do not know. I have difficulty feeling any pity for him/her due to the at best exagerations of the positions claimed to have been taken. I know what it is like to be hurting. KIS can occasionally make a good point and I iwsh it would be left at that. On these net stocks I know the TA says we can go lower but I'm feeling very negative now, we might be nearer the bottom than people think. The entire August correction mentality assumed an earnings run in July which we didn't get along with the good earnings. I'll be this august decline that everyone is anticipating is not as severe as they think (unless, we get a rally along the way). I'm doing a bunch of thinking about this because I have cash in a Roth IRA right now. No shorting, no options, I have to go long. I'm trying to time into Amazon right now. I also agree we should not go a lot lower. I also have regular IRAs (my wife's and mine. She trusts me to manage hers which amazes me after my performance last year<G>) that have non untilized cash. I am very cautious in the IRA accounts so likely will not place net stocks in them although CSCO, INTC, etc. fit. Glenn