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

To: Barry Stewart who wrote (8560)	7/2/1998 11:36:00 AM
From: genek	Respond to of 164684

Charles, I just purchased 8 of the AMZN July 110s: ZQNSB @ 5 when the stock was trading at 121-122. My timing short term seems to have been a stroke of good fortune. Sooner or later, and probably sooner AMZN puts will be a great investment. Ugh. I wish I were so lucky. Sold my Jul 110 Calls for a $800 loss, during the gut wrenching drop to 112. I rebought the Jul 110 Calls for 10-1/2, and bought Jul 110 Puts for 7-1/2. I am just kicking myself for buying puts so low, instead of buying them to protect my upside on the runup. Nice job, Barry. If I can break even today, I'll be happy. BTW, does anyone's online trading allow you to put limit orders that are outside 5 points of the current trading price? Scottsdale Securities doesn't let me submit orders more than 3-4 points away. (Also, no stop limit orders for options, too.) I'd appreciate any info! Thanks, Gene