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

To: Robert Rose who wrote (97768)	3/29/2000 9:10:00 PM
From: Sam Sara	Respond to of 164684

I am speculating on derivatives. J Cramer claims that there is an ocean of money movement that is invisible to individual investor, and I believe that statement. From article last year while DOT was tanking: <Could there have been hidden derivative sellers of the Net recently? In the past few days, several Wall Street firms have been offering insurance to insiders anxious to lock in gains, while other firms have offered derivative products, like the one mentioned in today's editions of The Wall Street Journal, that allow you to hedge downside exposure to the Net. Having sold products like this, and had them at one time constructed for me, allow me to give you the insider view on what's going on. These products can't be sold unless they are hedged themselves, which means these institutions are shorting these stocks aggressively themselves to protect themselves from getting stung by the insurance they are offering. It's pretty simple. Whether you are a bookie or an insurance company, you have to lay off risk. It is no different if you are a brokerage house. If everybody takes you up on your insurance and the storm hits, you are wiped out as surely as if you are in the storm yourself.> As far as biotech, "managing" is an euphemism. I was stung buying at 21 day on BBH, but my real mistake was overweighting that sector. I try to protect my capital, so following that philosophy and recent market conditions have reduced my biotech to about 5%. I have no idea when it will recover, minimum a few weeks. Unfortunately, that puts us into tech seasonal weakness time, so who know how long. FWIW, I am about 80% cash right now. I'll be a buyer of other stuff near 50 day of QQQ- a calculated risk....