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Technology Stocks : America On-Line: will it survive ...?
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To: Kevin Moffitt who wrote (3850)7/7/1997 4:47:00 PM
From: James F. Hopkins   of 13594
 
Keven; You got IT, they watch the shorts..and the buy stops ! And
They pick off the buy buy stops, the more short the higher it goes,
only after the shorts all get burned does she fall, then they rush
back behind the curve and short again...as soon as the big boys
see enough buy stops they pick them off. I told every one don't short
AOL with buy stops it's dumb. Don't short naked unless you want to
get "bought in some day on a 20 point gap up" the only way any one
can short the stock is to "buy insurance" and short aginst long
term calls. The big boys playing this stock are not dummies..and
they have the data to know when they can buy just enough to cause
all the buy stops to trigger..as they trigger the big boys sell
to them, she falls and they are the first to cover, they will be
covering when the "buy stop" behind the curve short sellers are
selling..they watch and as soon as anough shorts come in they kick
back it with buy orders, I see so many people come it late on
puts and think they will make money..no way 80% will lose,
the AOLSL went off at 5/8 th if you didn't already get it your
too late. Between the spread and the commisson it's not much left
in it. No none should be shorting short term via puts if they
don't have longer term ones ..ie Jan at least..other wise this is
a suckers play.
Jim
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