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


To: RFF who wrote (18260)9/24/1998 3:37:00 PM
From: Jan Crawley  Read Replies (2) | Respond to of 164684
 
just sold. Not going to trade any more for today.

R/T 102 3/4



To: RFF who wrote (18260)9/24/1998 3:53:00 PM
From: Jan Crawley  Read Replies (1) | Respond to of 164684
 
This is what I am going to do, and this maybe a good way for someone(a small causual trader like me) to start a box.

I shorted 150 shares of Yhoo at $112 yesterday, (lets pretend that it's 100 shares or 200 shares). I traded(Buy and then sell) one time yesterday and twice today, the net result is $900 due to Yhoo's large movements.

When(if) Yhoo drops to close to $100 one moment in time in the next few weeks, I will write one Oct 100 put contracts and asking for $10 or so premium and just wait for the outcome! I will just continue the tradings and the put process for as long as it's profitable...

You can apply this to Amzn too. Waiting for oppt. to short 100 or 200 shares at an as high as possible price first, or own shares at low cost base....

You have to have "resource" and "time"!