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

To: IceShark who wrote (27284)	11/20/1998 1:14:00 AM
From: Gil Gilbertson	Read Replies (1) \| Respond to of 164684

Hello Ice, I learned a long time ago not to go directly short, I got nailed real bad years ago when I shorted Caesars Palace at 28 because I went to Vegas and business was horrible. It dropped to 18 and I thought I was a genius, I even thought it would go broke. Then it turned upwards when I was on my way home from Vegas. I called the broker and he said it was up about 2 points, I said," Dont worry it is just a dead man bounce>" The next day I went to the brokerage office and it was already up about 6 more when they stopped trading. It opened up at 32 on the news it was going into Atlantic city and had a glowing story of course. I always wondered what idiot would pay 47 dollars for stock like that.....I found out when I looked in the mirror... I closed out that day with a 40 grand loss. Now I only short when I have a protective underlying option, that way there can be no surprises I cant handle. I own the 130 puts for Dec on Amzn and if it gets near that price I will probable go long for a free ride up....Gil