America On-Line: will it survive ...? Message Board

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

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To: jack rand who wrote (3273)	5/29/1997 6:51:00 PM
From: James F. Hopkins	of 13594

Hi Jack: About the drivern by news I thinks your mostly right on that hardly nothing is 100%, the problem I'v had with the news is that it seems she can go up even in the face of bad news..people just don't want to belive it or something..and if a big boy is ready to sell you'l get good news and she'l go down..mostly the news will effect her if it comes from outside her own press releases.. AS far as the index goes it may not be worth a flip to tell what she will do..but I don't fight a index here or on any of them, if I'm buying a blue chip I want to see the index going my way at least at the time. Got caught in too many reversals bucking the trend of an index relitive to what I want..if it's a utility I want to see the DOW UT moving in an up direction..I have caught stocks as they were going down but like to see the index going up when I buy, and not worry about bad sentiment making my problem any worse..to go aginst the market is like trying to go up an esculator thats full of people going down. Same with taking a short position..I don't like to do it with the rest of that sector taking off. Back to AOL looked at the interday chart, not real sure of myself now..but she still looks ( short term weak ) at her level. Shows decreasing volume as she went up. Other thing is I saw that 200 contract put go through on the open this morning..maybe it's just someone nervious and wanting to lock in some profits in case she falls..went at $3 so they are pat for $52 no matter what she does..but that maynot be big money, but it's a more money than I ever bet on her all put together...<G> She did not drop down today like yesterday..looks like the average ticket traded hands about 54 or 54 -1/2, another day or so like that and she might put in a new base at about 53..I figure the old one at 50. Where are thoes dogone profit takers ? Jim

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