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

To: HG who wrote (40924)	2/18/1999 5:58:00 PM
From: larry	Respond to of 164684

I wrote Feb. 175 covered calls on my AOL when it rallied to that level. Bought back and sold Feb. 160 when it again rallied above 160. Consider that lots of AOL shares are put to me after I sold puts...The average cost of my fresh batch of AOL is around 110, and the old holding has a cost basis at about 22, so...I am okay. I am making AOL as my biggest core holding while at the same time reducing exposure to DELL which I only have leap puts I sold a long time ago with strike price at 80. Looking to pick up more MSFT if further weakness is seen. I am about 40% cash now and might trade YHOO! and AMZN for a quick gain, especially if YHOO! breaks the support at 125. I think that I will short YHOO! if 125 level is convincingly broken. AMZN won't find strong support unless it's down another 20%. Seems that momentum players are leaving the bandwagon in a convincing way. Maybe they finally realize that increaseing float and decreasing short interests are not good signs for these trash issues. BTW, these guys probably need better drugs than Viagra because even when the market stages a technical rally, they are still impotent. good luck, larry!