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: Don Roberts who wrote (2347)	3/11/1997 1:32:00 PM
From: Chi-X	of 13594

Well, Shortie (aka Don), I couldn't get any shares to short AOL at Waterhouse this morning even after yesterday's bloody short squeeze. This is really annoying. Anyway, I was going to set a short limit way up high like at $55 where it wouldn't execute. Then, I would lower in the coming day(s) when AOL showed signs of weakness. So far, it's still holding strong so maybe it'll squeeze more shorts in the following days giving me the opportunity to have my chance at AOL. I think AOL will participate my patented 3 day squeeze rule. On the third day of the breakout (sometimes 4th), the stock finally weakenss as people are forced to act on their margin calls. They usually buy within the 3 days and usually wait until the last day to try to get the lowest stock price possible to cover. The stock just explodes upward as all the shorts buy at the same time. This is followed in the following days by a quick downtrend. (unless significant news comes out and the stock is pushed even higher) Cheers, Chi-X CEO Chi International members.aol.com

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