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


To: Randy Ellingson who wrote (87645)12/15/1999 11:33:00 PM
From: KeepItSimple  Read Replies (2) | Respond to of 164684
 
>What am I missing?

The undisputable fact that we are in the midst of the largest stock market mania that the planet earth has ever seen.

The rules in a mob are quite a bit different from that of normal society. But when the market returns to some measure of sanity, mob rules won't work anymore.

My personal opinion is that when the bubble finally bursts, the economic violence that will occur will force politicians to fundamentally change the concept of stock markets, lest they destroy our economic system again.

Until that day, however, the most profitable strategy is to repeatedly buy 30 point out of the money calls on anything that has a .com after its name.



To: Randy Ellingson who wrote (87645)12/15/1999 11:34:00 PM
From: Victor Lazlo  Read Replies (1) | Respond to of 164684
 
Randy, 8% is a widely-recognized stop-loss point.
I'm not going to argue with you on that.

Re YHOO, the floats of stocks like YHOO and AMZN turn over completely in under 2 or 3 weeks. There are not many long term holders; maybe a few, but not many.
Victor