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

To: Glenn D. Rudolph who wrote (38799)	2/8/1999 4:14:00 PM
From: GST	Read Replies (2) \| Respond to of 164687

Glen-- I rode down from the day AMZN hit 199 and bailed at 120 and then repurchased -- still hasn't been a great play. The pricing model for options makes it really hard to make money on any stock that is always volatile. The best plays are the quiet stocks if they move once in a while, big time. My most profitable trade was on Chrysler a few years back. I owned a boat load of out of the money calls, bought for nothing, and woke up to sell them one morning and saw this guy on the tube saying an offer had been made for the company -- a couple of days before expiration. The calls went from something like 1/8 to 15 dollars in a second -- I danced around in the kitchen for an hour and the smile lasted all day.