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

To: Peter Church who wrote (6834)	6/19/1998 7:20:00 PM
From: Peter V	Read Replies (1) \| Respond to of 164684

Hi Peter. In the money strike premiums are always cheaper relative to the stock price, but since you pay much more for them, it kills you when they get entirely out of the money. AMZN puts sell at a hefty time premium, at today's close I paid 18 1/2 for the Jan 80s, that's a 13.50 premium for a stock trading at $75+. AMZN won't go down quietly or in straight line. But after over a year of straight up, without any possible fundamentals to back it, I'm certain it will begin to falter, hopefully within my timeframe for the puts. Good luck to you.

To: Peter Church who wrote (6834)	6/19/1998 8:30:00 PM
From: H James Morris	Read Replies (2) \| Respond to of 164684

PC, you wrote<In retrospect I am amazed at how I made the classic mistake of "fighting the trend".> Don't feel alone. What you early Amzn Bears don't get is that you've been led into Wall Streets manipulated area, of the Casino. This is the side of Wall Street that only and I repeat only , should risk takers, play a part in. The idealist's keep betting that this house of cards will surely collapse The manipulators know that the greedy want it regardless of its cost. It defies all logic, but it has become a gamblers dream. Easy come and so far not, a chance of easy go. I strongly suggest, Bull's or Bear's you only invest what you can afford to lose. Now, I realize that all the Bulls will think I'm crazy because they can put in a stop loss, and the bears will think, its got to come to an end. Have any of you ever played craps? PC, the only difference between Wall Street and Las Vegas is, Wall Street closes on the weekend. Enjoy yours.