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: Sam who wrote (9467)	4/9/1998 1:25:00 PM
From: yard_man	Read Replies (1) of 13594

I'm not short. I rolled the dice and bought some puts yesterday for fun. You're right I don't have a crystal ball. All I'm saying is today's action is indicative of a near term top to me and I would be surprised to not see a retrace below 90 at the very least(absent a split). It may not happen soon enough to do me any good. I think to have bought today much more risky than going short at these levels. I know someone probably said that at 60 or 80, but there you are. That's what I think. This whole group will be repriced lower within the year. If YHOO is 200 at the end of the year link to this post and remind me and I'll concede I didn't know a thing about how far manias can go!

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