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: John Arslanian who wrote (152)	9/19/1996 4:41:00 PM
From: Joe Gleason	of 13594

This rally is a great time to short, However, I am going for options! John, Tomorrow is option day.. I figure after this rally today, AOL should move up another point tomorrow - especially with the BUY that was put on it.. I am going to go with options this time... 3.25 for $30 in Jan. Meaining $3.25 per share for the option doesn't pay untill it goes below $30 or net $27. There's good and bad with this! Good you can buy a lot more bang for the buck! Bad it goes out on a set date... I got hurt in Jan/Feb when I shorted 5,000 and bolted after raising 8- on it's way to 72... Good luck! I am also going for options on MU! The truth of the memory prices hasn't hit the earning for that company yet!

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