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

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To: Allen Plyler who wrote (1657)2/11/1997 9:48:00 PM
From: James F. Hopkins   of 13594
 
HI All: Wife went in hospital yesterday, so I'v been mostly
out of it, just checked and another very large put contract
sold today..feb 35 at 2-1/4 1,242 contracts..that indicates
they want out at least 32-3/4..well over a million shares,
this is no small time buyer, noticed the calls to but I'v
convinced that is short sellers buying insurance, ( I would
never short sell with out calls to cover a squeez play ),
but the puts gets my attention..that's someone who
got in when she was in the low or mid 20s and is getting
ready to exit with a profit..Friday was a heavy put day too
she will dump fairly good by march ex date..if she don't
I will never make another prediction public.
Jim
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