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


To: MoonBrother who wrote (48147)3/30/1999 2:51:00 PM
From: Jan Crawley  Read Replies (1) | Respond to of 164684
 
MB, I am very happy that I am out of your league too. With all due respect to you.



To: MoonBrother who wrote (48147)3/30/1999 11:59:00 PM
From: Jan Crawley  Respond to of 164684
 
Good luck with your box.

MB, I know none of us wants to get into each other's business. But I should make my box more clear to you. To tell in a nut shell and in a simpler way:

I shorted 275 shares of Amzn at $188 3/4 and 25 shares around there in January, therefore I am short 300 share at $188. That's the 300S.

Now, in a perfect world, I would have covered the 300 shares and then bot 300 shares at $85 and holding and have a $50K profit right now. I did not do that and just trading all the way down and up and realized $25K Amzn profit as of today.

As of right now, I have bought 250 shares to "Hedge" the 300 short shares, that's the 250L. Tomorrow morning, if I sold the 250 shares and then buy 300 shares, buy to cover, then my 300 short shares will be fully covered and my "box" will be gone and I will have another $7K realized gain. ($188-$164=$24 *3=$7,200)

Now, If you are hoping for a much higher than $200 Amzn price, I have no objections at all. If it does come, I would like to short another 300 shares and then box down and up and down from there! Well, if it does not, I am doing OK with the old box.

Actually you are a nice guy and I remember your posts clearly during Nov. Congrats to your $$$$.