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


To: Bill Harmond who wrote (19786)10/3/1998 8:39:00 AM
From: Glenn D. Rudolph  Respond to of 164684
 

"Up" isn't clear enough?

Look at it this way. If you don't understand Amazon and you're betting it will go down
(and that's not working), then why not try betting it will go up (which is working).
Either way you don't understand Amazon, but at least you'll be happier. :)


William,

I cannot say I am unhappy. That is an important point. Stressed at times but I lke the challenge. I do not understand YHOO either and made some errors although YHOO is a very viable business but pricy at the moment.

I am not hedging AMZN and YHOO up and down. The option premiums are amazing so I plan on collecting them each month until this clears itself up.

By the way, you have a point on the upside. That wolud have been more profitable than down. Will it continue which is always the market question? Kind of late to go long and then find the momentum has changed. That is the challenge of the market always.

I do appreciate your suggestion and your advice. When one is floating in a rough sea, direction helps<G>

Glenn



To: Bill Harmond who wrote (19786)10/3/1998 3:01:00 PM
From: craig crawford  Read Replies (2) | Respond to of 164684
 
>> If you don't understand Amazon and you're betting it will go down (and that's not working), <<

Wouldn't that depend on your entry point? Seems to me that AMZN is going down for the last couple of months. Shorting AMZN only hasn't workde if you started too early.

>> then why not try betting it will go up (which is working) <<

Like I said, that depends on the timeframe. Even after the rally on Friday, AMZN closed down 5 points on the week.