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

To: Greg M. who wrote (10904)7/20/1998 2:35:00 PM
From: put2rich  Respond to of 164684
 
Good luck Greg M.,
I wish I have more fund to average up. But I know a couple who won 400K+ 2 weeks ago in buying puts of amzn. They don't know a damn about stocks at all, but a broker plays for them. Well too them losing 20-30K a month means nothing. I suspect the buying of puts like these will tamper the beast. Just hope next time momentum longs get killed big.



To: Greg M. who wrote (10904)7/20/1998 2:37:00 PM
From: Tom D  Read Replies (2) | Respond to of 164684
 
Greg, I don't disagree.

I just don't want to try to trade this thing--too hard to predict. My simple-minded strategy is to sell it all when it hits 50% of its all-time high, or to sell out around $300 per share, in a few years, if I am lucky.

I don't pretend to know that its not going to revisit the 90's or lower.

Good luck,
Tom D


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