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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Gerald F Bunch who wrote (33623)	10/9/1998 2:08:00 AM
From: The Perfect Hedge	Read Replies (2) \| Respond to of 132070

I'm watching AMZN like a hawk.DON"T COVER IT....It will not see 111 for another 2 years....you've got no worries..It's lights out for AMZN.. B*

To: Gerald F Bunch who wrote (33623)	10/9/1998 2:08:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

gb, wish i could help ya. my only advice is to watch it and if it shows life then cover quickly. let it do its thing until you feel comfortable with its short term direction. long term it is a turd. musty at that. short term you've made lots of money - don't risk losing it. btw, i did the same thing with cmb and it just kept falling and falling - 2-3 points a day. when it began to bounce i sold my puts. shoulda loaded up again at $40-50, but i've seen dumb so many times i'm gunshy. seems the market is getting a strong dose of smelling salts lately. except mu ;-)

To: Gerald F Bunch who wrote (33623)	10/9/1998 12:48:00 PM
From: Mike M2	Read Replies (2) \| Respond to of 132070

Gerald, you may want to consider out of the money buying calls as a from of protection for your short position during the manic rallies. If the stock rallys strongly sell the call to lock in the profit and it reduces the breakeven point for your short. I have not gone over the numbers to see if this strategy makes economic sense but it sounds good in principle. I believe the internut stocks will trade for pennies on the dollar at the bottom of the bear mkt but I also feel that it is wise to nail down a nice profit and hope for a sucker rally. Good Luck. Mike