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

To: Bill Harmond who wrote (144480)	7/30/2002 3:30:27 PM
From: re3	Read Replies (1) \| Respond to of 164684

well, you didn't ask ME however, sometimes what one does with a few shekels to try a momentum play is different that one's overall perspective on what to do with 99 % of one's dough... ps. i heard from one of my buddies who resides in california that the La times had an article that said buy and hold has bitten the dust... do you subscribe to that periodical ?

To: Bill Harmond who wrote (144480)	7/30/2002 4:36:36 PM
From: GST	Read Replies (1) \| Respond to of 164684

This is market trading on powerful mixed emotions. It is not sure whether it needs to go down any more to achieve some sense of reasonable valuation. It fears it has gone too far to the downside but has no conviction on the upside. It swings wildly from day to day, lurching from one theme to the other. It is a trading environment and not a good investing environment. OEX was a no brainer -- getting in and out. C is more risky but the payoff is better and I am playing with money from the house. The difference between us is that I readily admit that these trades are pure speculation -- you don't seem to like to acknowledge that in your trades. I bought C calls when the stock was down about a buck earlier today -- and I am more than pleased with the trade. I don't know how you did today, but if you own fmkt I guess not all speculation turns out well.