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

To: Glenn D. Rudolph who wrote (6256)	6/16/1998 7:25:00 PM
From: Jan Crawley	Read Replies (1) \| Respond to of 164684

I have lightened up a bit on my position since I feel I am fighting momentum beyond what I have ever seen. Glenn, Nice to know that. Less stress = better investment decisions. :))

To: Glenn D. Rudolph who wrote (6256)	6/16/1998 8:05:00 PM
From: FruJu	Read Replies (1) \| Respond to of 164684

Not directed to you in particular Glenn... just posting my first message on the thread. Has anyone considered an options straddle or strangle on Amazon (possibly with a bear emphasis by buying the puts further out) to take advantage of this short squeeze? If you truly believe that it's either going to skyrocket or crash, but you're not sure which (grin), then a straddle (or possibly strangle on this very volatile stock) would be a win. E>

To: Glenn D. Rudolph who wrote (6256)	6/17/1998 12:20:00 AM
From: F The	Read Replies (2) \| Respond to of 164684

>>Since the stock is difficult to obtain to short and if one wants to participate in the downmove when it begins, then buying puts will add back positions. The problem with buying puts is you loose a lot of points due to the time premium you pay. If you are "certain," the fall is in place write deep in the money calls. That is now may plan to add to my position on the way down.<< Glenn, I like the idea. I continue buying puts, and keep loosing but I shouldn't stop because persistency and consistency will pay off eventually or at least, will recover a little bit. Believe it or not I can't write naked calls, and I should call my broker to let me do that. Well, it is a good idea to cover some of your shorts and replacing them with options is a good way to minimize the risk a little bit. Regards, Felicia