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

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To: chenys who wrote (3705)6/29/1997 10:53:00 AM
From: James F. Hopkins   of 13594
 
HI Chen; Re>I do risky stuff w/ my money. I just can't tell people to do the same. << same here, it's no way to tell someone or even
give advise on these put/calls it's so much "last minute" stuff
like 3 weeks ago I had her pegged to correct at 54 or 55..instead
she goes on up to 62..well I did puts all the way up trying to
get position untill it wore me out. Using the daily volitility
I managed to win 3, and lose 1..but the wins were very small, and
took me away from other things..at least I saw her go over the
hump..and found some puts the specialest hadn't jacked up yet,
and bought in ( twice )..now I know I sold to soon but that's
water over the damm..it's the best I hit her in a while.
I'm looking at other prospects now..with a longer time frame on
AOL falling..I'm more into JAN puts, I said that before..but just
this time noticed the strong down TA at 60..but strong as that
may seem..we still have tons of shares out short that can cover
in a heart beat, there has not been any big volume days on this
down swing..so thoes shorts are still holding pat..no way to say
when they will start to trigger.
Best guess is about 50..
Jim
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