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

To: craig crawford who wrote (114940)	1/11/2001 10:04:09 PM
From: allen menglin chen	Read Replies (1) \| Respond to of 164684

Craig, if my memory is correct, Greenie cut rates in Oct 98 while DOW hit the short term top. U were learning option trading, and selling cheap AMZN calls when it hit top trading range that day. Your naked AMZN calls got u killed when Greenie made a surprise move and wiped out most of your 98 gains. Sorry to remind u about that trade. But I think Greenie could do that again (5% chance) if he really wants to pop the market to the level he likes to see. I think u learn the lesson, and traded very smartly by buying cheap calls in late 99 and made a killing.

To: craig crawford who wrote (114940)	1/11/2001 10:04:39 PM
From: allen menglin chen	Respond to of 164684

Craig, if my memory is correct, Greenie cut rates in Oct 98 when DOW hit the short term top. U were learning option trading, and selling cheap AMZN calls when it hit top trading range that day. Your naked AMZN calls got u killed when Greenie made a surprise move and wiped out most of your 98 gains. Sorry to remind u about that trade. But I think Greenie could do that again (5% chance) if he really wants to pop the market to the level he likes to see. I think u learn the lesson, and traded very smartly by buying cheap calls in late 99 and made a killing.