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

To: craig crawford who wrote (89081)	12/30/1999 2:37:00 AM
From: KeepItSimple	Respond to of 164684

>I will stop buying gobs of OTM calls when I think the market prices > them too high or it looks like tech stocks want to cool off. An in-the-money call for QCOM was going for around 70 dollars today. Jesus.

To: craig crawford who wrote (89081)	12/30/1999 2:46:00 AM
From: allen menglin chen	Read Replies (2) \| Respond to of 164684

AP is just 5 yrs older than you! Owns 10K QCOM bought @ mid 50s (subtract 25 pts since he sold and bought back @ higher price). Your long calls + his short plays makes a perfect combo -- watching for 3 months, and I use this combo recently. Your long calls has not make big move yet since it's just 10+ days old (but my own CPU calls yesterday might double tomorrow), but AP type short plays make quick gains for me already (risk management is very important in shorting those flying pigs). I do believe your asset might reach that level if you can make a killing again in Jan.