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Technology Stocks : America On-Line: will it survive ...?
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To: BillyJoe McCallister who wrote (1715)2/13/1997 8:08:00 PM
From: chenys   of 13594
 
My huntch is that some big guys are trying to float AOL at 37.5
at the Feb. Option expiration date, which is next Friday.
Any price movement is opportunity to take profit, put or call.
Otherwise the big hand will move it up and down to wipe everyone out
and then settle it at 37.5 on Feb. 21. Might be 35 or 40, need to
look into the open interets for 35,37.5, and 40, and compare all put and call open interests. hattp://www.lombard.com has the info.
Every time it got to option expiration period, AOL acted irrationally.
But the fudamental did not change. It will keep losing money.
The game depends how big the supporting hands are.
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