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

To: M. Frank Greiffenstein who wrote (21094)	10/10/1998 6:11:00 PM
From: IceShark	Respond to of 164684

My reasoning is as follows. If there is a "conspiracy" to drive options prcies to a point of least damage, then you can choose options that take advantage of that kind of price trend. Doc, This has been a subject of endless debate, and actually used to work for awhile - say half a year ago. Generally, it hasn't of late as more people have heard of this. All good schemes must come to an end. -g- After all, option writing means you have to have an opinion of stock movement. Nope. Not if you are really a pro. All you want is the premium and just hedge the risk. The boyz over at LTCM thought they were pros .... see what happened to them? -g- I'm still mad those SOBs got bailed, wish I knew the Fed Chairman so he could help me out when I made an outrageously stupid drunken mistake. Go pick up a few books on options by Lawrence G. McMillan (like McMillan On Options). Not exactly as fun as Tom Clancey but they cover the subject pretty well. Just don't buy 'em from AMZN! -g- Regards, IS