America Online A good short now???? Message Board

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Technology Stocks : America Online A good short now????

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To: Hawk who wrote (24)	3/28/1998 8:51:00 PM
From: Pancho Villa	Read Replies (1) of 34

Hawk, I am still holding my full AOL short position (Ouch!) I have not posted recently as it seems hopeless. Most rational people think AOL is EXTREMELY overvalued. There are several pieces a day in well know outlets by people much more famous than "dummy" Pancho at SI on this theme and the stock still keeps going up! Do you think us short are ever going to see AOL decline to a reasonable level ? There is no question that the stock price will eventually decline. The question is how and when. In theory, this puppy can drive you broke before you make a cent on it. If you however have a reasonably small position (not my case) you can stand the ride. FWIW I will post any trade I make on my AOL position as soon as I make it. As I have mentioned before, yes, if this puppy keeps climbing at this rate, I will have to trim my short position some. I am still hopeful this point will come but in this market you never know. Interest opinion on the internet's potential and an interesting site: stocksite.com Pancho

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