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

To: H James Morris who wrote (10387)	7/14/1998 8:37:00 PM
From: Robert Duncan	Read Replies (1) \| Respond to of 164684

It is hard to resist a straddle for July at these levels. I would be shocked if AMZN is not a fair amount away from the current price by Friday. Indeed, a day trading straddle (provided trading patterns continue) may work well - i.e. you buy the straddle position, and once you are up X amount on either your Put or your Call you sell it and either establish a new straddle at that position or sell the other option (which will have obviously lost a great deal of value). Of course, I suppose a straddle will not work now that I am considering it :) That is a good rule of thumb, whenever I see a pattern that I could profit from the minute I take a position it ceases to work. hahahaha. Good luck to all shorts and longs. --Robert

To: H James Morris who wrote (10387)	7/14/1998 10:46:00 PM
From: Jan Crawley	Read Replies (1) \| Respond to of 164684

James, Thanks a bunch. I clearly remember the day you(and CS I think) cautioned me regarding to the Jul 60 uncovered calls I was getting. I answered "too late, I got them already", I should have listened and closed them right away! You said many times in the past few weeks--"there is no share available to short..and the sellers are not here yet.." You sensed the short-squeeze before it was in full-force. Anyway, I am very careful. Made a few $ yesterday via buying/closing Jul 100 calls; used some of it today for 2 Jul 110 puts. I only trade small position one at a time. But I will continue watching and waiting, play safely. Welcome your comments anytime. Jan