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

To: H James Morris who wrote (10185)	7/14/1998 1:14:00 AM
From: Rob S.	Respond to of 164685

I don't feel comfortable buying anything of Amazon.com - not the puts, calls or stock. I sold the calls and if the stock gets bid up in a spike again and the premiums on the calls go through the roof, I will be selling more of them. It's far less risky. I can cover now and be up at least 50% on the money tied up. But even if things went beserk and it shot up to close the gap above 122, I'd still have time to close the position and break out some profit. Buying puts or calls has the time value working against you and any settling in volatility as well. Don't be a buyer, be a seller. The masses of investors are pre-conditioned to buy things - it works better the other way.