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: Tom Lu who wrote (4060)	7/18/1997 8:24:00 PM
From: CLAUDE JOHNSON	of 13594

Okay AOL dudes, Concensus from the few who have written today seems to be down some more on monday. I'm getting a weak stomach with the gains I got tied up in my puts ... I remember blowing my gains before and got out finally today @ 11/16 instead of 13 when AOL was down (for the count I had thought). Would like to get a consensus (even from the AOL likers) on where she will be Monday, and then the rest of the week. She is a true lady ... unpredictable!!! My call here (timidly, not so bold as the top call): Monday starts up slightly (may reach 64.75) then goes down deep (may get to 5), settling around 61.75 at the end of the day. Friday she'll be finishing off around the 57-58 range with all the bulls and bears shaking their heads as to where she's gonna go. I believe volume will start to shrink at this point and I will probably get out and await another day. I will be placing some 'not too tight' stops to prevent losing gains. On the Aug 65's I've only got three K's (cost me nothing now), and won't place the stop ... On the Aug 70's I will wait until she falls to 62 and then place stop at $8. If I get stopped ... oh well.

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