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Technology Stocks : America On-Line: will it survive ...?
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To: yard_man who wrote (3584)6/25/1997 4:49:00 PM
From: James F. Hopkins   of 13594
 
Barry; looking at the 5 day chart frome were she was 62, and started
down, you can see some up "spikes" now I cant prove it but looking
at the volume..you can just about see the Market Makers, just tick
her up long enough to take out any stop loss orders they see that
arn't to far out of reach. For sure any within a half of point,
are going to get took out..and the money is going into the MMs
pockets, it's treated as a spread. The risk is more with a larger
stop loss..but if it's not large enough you can bet they will
spike the price to catch it. I mean what few spikes are like long
narrow spikes..it's hell.
Any way I watched today, and took on some more puts late when she
failed to do a rally at 58, they closed her at 57-1/2 but I think
she will gap down tomorrow, or fall right after the open, depends
if they see some stop loss orders at 58-1/2..if so they will push
up there long enough to get them. <G>
They are ruthless.
Jim
Ps What I need now is one of thoes mild panic days were she
drops 3 or 4 points all at once..if that hits thoes 50 puts
will spike real fast, thoes old 3 & 4 dollar buyers
will look and want to average down and mine will be sitting
there for them <G> She won't have to make 50 for mine to
make money..heck just anther point or two will do it nicely.

a
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