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

To: Paul Merriwether who wrote (7639)	6/25/1998 6:39:00 PM
From: Glenn D. Rudolph	Respond to of 164684

[some unsolicited advice] If you feel uncomfortable with your short, I would suggest that you do a partial cover. You never can tell which way the mo-mo will go (if no one sells in hopes of another rally, it can keep shooting up). I am a sincere believer in capitulating as soon as it starts being slightly painful(10%loss on a transaction). If you can last another 20 points comfortably, then you are prolly OK and will (I sincerely hope) recover from a paper loss. best Paul, I appreciate your advice. I have thought about this strategy. I plan on watching this stock virtually constantly or having someone do that for me while I am working. I believe I could hold to $120 but the stress would hurt a lot. I will take your advice if a run seems to occur. It is good advice. I need to leave the short positions to gain these losses back if we do start to fall. The 10% loss idea is one that is worth following. This was not a large position for me when I started. However, I must of lost sight of good reasoning and the split and then the double+ made the position very large. I never anticipated a stock running so far so fast. I was too slow to react apparently. I will be watching closely in the event the fall is not coming as of yet. Thank you for your help. Glenn