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


To: Rob S. who wrote (10320)7/14/1998 1:03:00 PM
From: Jan Crawley  Read Replies (1) | Respond to of 164684
 
Rob,

Ty for the post/analysis; it makes sense...Intc, Csco, Msft,....all are gaining in the past few days...Dow is doing fine too.

From your previous messages; I know that you are using naked calls for gaining Amzn. IMHO; Naked calls can be an effective tool/vehicle especially when circumstance/mo/level of experience correlates nicely.

I made big mistakes shorting via (Jun &Jul)naked calls when Amzn was around $50, then again when it went to $80ish....plus I was/am still an relatively inexperienced options user.

However, shorting via naked calls at $140, $130 level, go for Oct or Jan, go for high premiums, stay on top of the naked calls, Open/close accordingly...play conservatively...the Odds are on your side for sure...<gg>