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

To: Glenn D. Rudolph who wrote (5836)	6/13/1998 6:11:00 PM
From: F The	Read Replies (1) \| Respond to of 164684

Hi Glenn, >>My typical strategy is to write naked puts and hope they expire worthless on companies with earnings and growth. Not on a company such as AMZN. Shorting AMZN was too tempting. Not sure it is worth the effort and stress anymore. I will stick it out until fundamentals do take overr but then my shorting days are done.<< Seems that I have sort of similar strategy as yours. The strategy writing naked puts such as DELL, MSFT makes sense; either way we are fine--if it goes down below the strike price, we just assume that we buy at a discount (deduct the premium from the price and like to accumulate those kind of stocks when they are undervalued.) That is why I suggested Jan not to write long xdate put on AMZN. However, there is time (two/three weeks ago when it was sitting around 82 to 92 pre split,) writing covered puts to collect some big premiums on AMZN made sense. I wrote a covered June 80 puts, but got out because got greedy that I would like to make more money with the thought it was going to go below 75. Now AMZN market caps is OBESE. It can continue to become even more OBESE because of ignorances. But it won't last long because it no longer can move so it has to lose weight, big. What I am afraid of is the timing until when it can keep putting its weight before it has to lose weight. In the end though, if we have a strong stomach to hold, as many of us believe it will tank big. I hope we all would still be in the game when that happens. Glenn, I think it is worth the effort but we should not be stressful. I am not stressful because of this but it is with me and I am semi obsessed. I don't consider this is bad yet, and it is a learning experience. The good day will come, just have to be patient. Meanwhile, we do have to strategize ourselves to prevent us from bleeding too much so we can still enjoy the victory when it comes. Good luck to all of us. Felicia