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

To: Jan Crawley who wrote (6017)	6/15/1998 7:37:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Have a good feeling about your judgment here. At $61, its not a good time to go long at all. Buying a few puts (and writing a few calls) are better. :) Especially the way the futures and foreign markets are this AM. Sometimes, the market perceives AMZN as a safe haven;-) We will just pace ourselves, slowly but surely, write calls and buy puts if it surges, trading and repositioning when Amzn retreats and whenever there is short-term profit to be made. I bought puts at various expirations and strikes last week. AMZN need not go down as far now for me to profit significantly. Ready to adjust this week as needed. Amzn is a long-term short; you and others are good at long-term strategies. But lets all tell ourselves clearly here: the risk tolerance of one's current portfolio is a major consideration in dealing with Amzn. There are always other bigger/better opportunities just around the corner. Thank you for the pep talk<G> Glenn PS The Eurpean Cental Banks have been selling gold. The market problems in Asia this AM may change than:-)