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

To: Jan Crawley who wrote (12036)	7/29/1998 4:42:00 PM
From: Mac S. Giballa	Respond to of 164684

EPS by the year 2015 could easily be over $1.00. By that time the stock would be fairly valued at around $30.

To: Jan Crawley who wrote (12036)	7/29/1998 4:59:00 PM
From: Marconi	Read Replies (1) \| Respond to of 164684

Hello Jan Crawley: I am very sorry to learn of your 60K hit in 3 weeks. I struggle to find words of comfort. I would offer this sentiment, and I hope I do not stupidly injure your feelings further: with ZITL and AMZN, I generally have tried to go with options positions with the longest time frames. The rationale is that I have a weak record in the picking of the "when", compared to "what" should be. This should work out okay for me for ZITL, and hopefully, AMZN will fall and follow in time. Again, I am sorry. And I hope you are spared any graceless remarks about your experience. Chin up! chest out! there is serious trading ahead for you to do!! Highest regards, m

To: Jan Crawley who wrote (12036)	7/29/1998 6:19:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Jan, I'm sorry to hear that you blew off, $60k but I assume and hope that you can afford it. I just walked in the door and Cnbc had on the bulls (Maria, I just met a girl called Maria). It's so easy to listen to what they want to do, with other peoples money. Cash is King, just don't leave home without it!

To: Jan Crawley who wrote (12036)	7/29/1998 9:54:00 PM
From: F The	Respond to of 164684

>>Would really like to net another $10K from the 100 boxed shares. The motivation is obvious, just hope that I am indeed getting smarter to be able to handle this. Best wishes to all my friends<< Jan, you are indeed much smarter; you have made money almost everyday from your daytrading and it is relatively safe. You have been doing good analysis as well. Keep up the good work. >>I lost $60K in three weeks on the Jun&Jul uncovered calls. I am still not sure what happened and it just happened.<< I could not believe that I had lost about $200k shorting since April, but during the last three days, I have got back $30k so far this week; could have been more, but boxed 750 shares around $130 because can't handle too many. I have 1000 unboxed. I may daytrade the 750 but I have more losses than gains doing it. I will probably watch your entry and exit. Best Regards, Felicia

To: Jan Crawley who wrote (12036)	7/29/1998 10:02:00 PM
From: Rob S.	Respond to of 164684

<I lost $60K in three weeks on the Jun&Jul uncovered calls> Very sorry to hear that. I didn't make "all the right moves" myself in hind sight (we always can find how much we screwed up by looking back at a clear chart - its more like mud when your in the thick of it). I sold JAN calls which take longer to react one way or the other and therefore have not made as much as if I bought closer in. But the flip side of that is that it has given me a nice cushion - I "knew" Amazon.com would move down when it first approached 140 not just because the charts were screaming "over-bouhgt" but because of the classic "we are investment gods" talk of the Amazongonenuts.com bulls. The second top was a bit more reckless - I made my classic big ego mistake of "being too right" and not taking profits when it pulled down to bellow 100. I thought AMZN would rally again because it needed time to shake off some of the bullish sentiment but didn't think it would get past about 125-130. When it moved again toward the previous high around 140 it got me scared because "market logic" or TA doesn't always seem to apply to this freak. The TA had lined up so nicely on both AMZN and the inet sector that the "trend is your friend" axiom was fair warning that the stock (along with most other inflated inet stocks) would move down. Let's keep tuned into the movement and make some money on this sector! I think the trend will remain down for quite a while despite some periods of renewed buying.