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

To: Jan Crawley who wrote (55371)	5/5/1999 12:51:00 PM
From: HG	Read Replies (1) \| Respond to of 164684

You go girl !!!!!!!! One of these days I might follow you - maybe when I am sold out of everything else ! Looking forward to be assigned. I've always wanted the stock for LT hold - 1000 CMGI post split would be nice. Maybe I can reserve 200 for trading !!!!! :-) QCOM and NTBK seem to be holding well too. Traded 200 GNET this am for 5 1/2 points. Want more INKT and NTBK but waiting till tomorrow. I'm quite confident (????? is anyone ever right ?) that prelude to Mar 11 will be important......BWDIK ? Markets taught me to be humble long ago... PS : Oooops, market taking a tumble. Ah well, my cost basis for QCOM is almost in 100s by now !!!!!

To: Jan Crawley who wrote (55371)	5/5/1999 2:07:00 PM
From: KeepItSimple	Read Replies (2) \| Respond to of 164684

Does anyone see an obvious flaw in this method? I've been looking back through a few internuts' options chains charts over the last few months, and i'm seeing something strange. By playing a 50/50 put-call stradle on ebay/cmgi/yhoo/amzn at a reasonable distance (10 or 15) away with 30 day time premium, you would have made around 10 percent per week if you stuck to a rule of selling the "winning" contract when it doubled +11%. And I'm not even counting the EXTRA profit you make by holding the "losers" until they _maybe_ make some profit at a later time.. This can be explained that these stocks RARELY have a <10 point trading range for over a month, wheras most "real" stocks do. Internet stocks can be defined by their volatility, really. Is anyone else out there doing this? It would require writing a bit of automated trading software, but as long as the volatility keeps up it should remain profitable enough for SOMEONE to do it.