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

To: Lizzie Tudor who wrote (78860)	9/28/1999 10:41:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Anything over 20K tied up in options on one stock for me is a lot. I'm over that with these and I'm nervous, I know how easy a gain can turn into a loss, when I bought I thought a double would be great and here I almost have that in 2 days. My usual approach with buying calls or puts is to go out of the money as a hedge against something... once in a while I get lucky like with priceline but those are smallish bets of maybe 2K for me. I agree with you options are a suckers bet... but here I am holding because I think AOL is going up in the next month or so, fed or no fed. Its still so far off its highs... Lizzie, You have done great. I doubt time value will erode too fast due to the volatilty. The market cap is not the issue as long as the market can move the stock and the market has shown it can. A possibility is to sell some of the calls if that makes you more comfortable but I have a bad tendency to limit my upside. I agree the stock will continue up. Glenn