Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: bobby beara who wrote (10547)	7/15/1998 10:55:00 PM
From: PblcSrvnt	Read Replies (2) \| Respond to of 164684

Bobby Beara, My roommate has done exactly what you have described and has turned an original 4 contract, $20 out of the money each way, position into a little over $300,000 in the last month. Disgusting! I'm at work, I gave him the strategy--although I spread one end, and he's made a killing while I'm at work teaching and can't monitor it.... Depressing for me, wonderful for him. Lee

To: bobby beara who wrote (10547)	7/16/1998 7:29:00 AM
From: Glenn D. Rudolph	Respond to of 164684

<iI buy puts and calls and place stops on each. The internets move so much that I have been able to make a profit on the move to make up for my stop loss on the wrong side. Sometime this strategy backfires, because the stock vasilates out of the indecision pattern in both direction a breaks both stops. NO EASY SOLUTION! bb, I was quite profitable trying to change with the momentum for three days. I was not using as sophisticated method as you. The last two days the momentum never carried through and I lost each way. It is better that I wait until the fundamental start to take hold and then uncover my boxed position. Otherwise, it is a gain one day, a loss the next, a lot of work and a net loss in the end for me. Glenn