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

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To: James F. Hopkins who wrote (3734)6/30/1997 8:42:00 PM
From: put2rich   of 13594
 
Hi James,
Thanks for your good advice. Couple months ago a paperloss of 1K in one day did not frighten me. Now it is different. Bought 8 puts and on the way to work it already reversed the trend and my puts lost value. Should have reacted fast. Anyway what I should do to preserve my capital? Should I sell this week or can hang on if the general trend of aol is down? Why it has a reversal today? A correction and short covering or due to news from PC METER or a combination?
I bought thousand shares of AMD at $13-14 last summer and did not hang on long enough. I will play long only and sometimes small short.
(Many thanks from a distressed trader)
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