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

To: Stefan who wrote (36246)	1/23/1999 8:32:00 PM
From: H James Morris	Respond to of 164684

>>Disclosure: I own AMZN puts.<< Please believe me I wish you the best. On Jan 15th I blew off 80k in Jan puts, which I bought last June. Only the puts that came in @199 are looking good. Would you believe that the puts have lost more actual money than the shorts??

To: Stefan who wrote (36246)	1/23/1999 11:21:00 PM
From: Mark Fowler	Read Replies (2) \| Respond to of 164684

Well, the run in US security markets resembles the run Japan had in the '80s. Remember the arrogance of the Japanese making statements "Americans are lazy", "they have to learn from the Japanese how to run their businesses" and so on.<< Japan and US interest rates are not comparable Japanese are just not spending and banks carry 1 trillion dollars of bad loans in the case of US the financial sector is liquid and 55% of US populace think that even after steep correction their sending pattern will not change. Most of the bulls are using history as a predictor of future moves in the stock market. << And my friend please how do you know this because this bull isn't always and i know of others who don't. Here is the point to believe that the market is going only UP is silly. In a long run (40 years) it is a winner unless country goes out of business but in short periods like 10 years your paper value may be shaved of by as much as 80%.<< 10 yrs. are not short periods. Have you studied how long the average bear market has lasted in the US, not that i'm suggesting a bear market like most on this thread lately. And stefan i have good instincts, you didn't have to tell me about your put positions. Expect an upside correction of 30 to 40 percent on Amzn and Yhoo so far it's doing nicely. Cheers.