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

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To: Steve Robinett who wrote (5727)11/10/1997 3:53:00 PM
From: Brent D. Beal  Read Replies (2) of 13594
 
I disagree with some of the advice begin given regarding puts. Remember the trend is your friend and right now the trend is down. This stock has been sidling up to the cliff all day, and it looks like it just stepped off. Unless somebody catched this things, we could close in the low 70s today. . . The key right now is to keep as many puts out there as possible and keep moving them down and out as this thing sinks. Let's milk it for all its worth.
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