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


To: Glenn D. Rudolph who wrote (6088)6/15/1998 5:14:00 PM
From: gbh  Read Replies (1) | Respond to of 164684
 
Glenn, I think a moment of silence is in order. Hopefully, you are long as much ASND with as many calls. I would say "I feel your pain", but I can only imagine....

Gary



To: Glenn D. Rudolph who wrote (6088)6/15/1998 10:43:00 PM
From: F The  Read Replies (1) | Respond to of 164684
 
>>Let me get this out in the open. I am short 5000 shares and own 40 put contracts that expire at various times. Losses today, excluding the puts, $25K. You can imagine total loss since average short cost is around $42. I intend to see this through. I intend to turn a profit. I do not intend to ever short a stock again;-)<<

Glenn, I thought your shorts were in a box position. Sorry for all of our losses. But It is ok that we spent first and make money later. Well, I have the same intention as yours to turn a profit. It is just much more difficult than what we all thought. well, when we win, we celebrate together here, big. Am I being too optimistic?

**OT, Glenn, you are in the jewelry business. Would you like to buy some jewelry such as diamond from Indonesian people whose currency devalued 400%? I heard from my friends that there were so many very good bargain because US$ is so strong. However, you have to fly to Singapore to buy them. I may pick some when I go back to Indonesia to visit my folks next time. My risk tolerance is getting bigger after seing what happened in Indonesia and loosing money in AMZN, but still in control--always remember, capital preservation is the priority.

Cheers to everyone,
Felicia




To: Glenn D. Rudolph who wrote (6088)6/16/1998 12:09:00 AM
From: Gary Korn  Read Replies (1) | Respond to of 164684
 
Glenn,

Almost exactly 2 years ago, Presstek (PRST) -- the famed new-age printing company of its time -- shot up from $50/share to over $100/share between April 1996 and late June 1996.

Less than a month later, in July 1996, PRST was below 30.

Today, PRST closed at 13 5/16.

Gary Korn