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To: arthur pritchard who wrote (88500)	1/12/1999 1:15:00 AM
From: His Pinkness	Respond to of 176387

I have never been very good a buying puts. I always do better when I focus on a rising stock. When doing so, I find a conservative (not as risky) way to profit is by selling puts. I have considered buying puts on AMZN but am just too apprehensive. There is no doubt that the stock is overpriced, but it was also overpriced 200 points ago. I would be out some money had I bought AMZN puts last Monday. At some point, though, buying AMZN puts will just be too compelling. Good luck.