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Technology Stocks : America On-Line: will it survive ...?
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To: Muizz M. Kheraj who wrote (5356)10/30/1997 1:22:00 PM
From: IKM  Read Replies (1) of 13594
 
It's not tanking yet. Most of the damage was done at the open. You just have to wait for the shock to ease, and decisions will be made. The natural reaction is to freeze, when faced with losses like those experienced this week. The more astute investors are already cutting their losses. The less astute will eventually notice that the theater is emptying while they sit in the dark, the smell of smoke will enter their consciousness, and they'll realize all those sirens they hear might actually mean something! Sit tight for a few days. Options are not normally a day trade, if only because of the spread.
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