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Technology Stocks : America Online A good short now????
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To: Hawk who wrote (26)3/30/1998 4:43:00 AM
From: Kristin mikel seeds   of 34
 
I Know what you mean about AOL. I Bought 80 put contracts for 55 at 4 which are hovering around 2. Still this stock has to come down soon. 140 times this years earnings, Please. You're right, they're an ISP provider with a fancy front end. Big deal, all you need is a ISP and Netscape. I also don't believe the hype about sub-1000 PC's causing their buyers to go out and sign up for AOL. In fact they found that penetration levels have only gone up 1 percent in the last 6 months; with most of the sub 1000's going as second and third machines to those who already own. Still they can hype the stock. It is interesting that many insiders sold out in the low 50's When this baby crashes, look out below. I hope it's before July!!! Short position is increasing 100,000 a day which might explain the rise. Short-covering I'm convinced was behind the move on Friday. Stay the course, it's going down. Kris
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