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Technology Stocks : America On-Line: will it survive ...?

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To: roger dixon who wrote (1303)1/29/1997 9:56:00 PM
From: Harry Simpson   of 13594
 
AOL is believed by many on this thread to be perched on the edge of a precipice. While she wavers, we watch, never underestimating our sureness in her inevitable fall. Maybe next week, maybe in February, March or April. With few exceptions, we are sure that the fall will be deserved.

I have March 35 puts. They went down a point and change today, but I don't mind. The exercise date is far enough out such that while she wavers, I need not blow on her to make her fall. I will be patient, knowing that sooner or later, the gravity of the market will pull her down. The market can be harsh mistress.
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