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: chenys who wrote (2747)	4/7/1997 9:30:00 PM
From: James F. Hopkins	of 13594

Hi Chen, WelL the superpower, had a monster run up Thur & Friday.. got caught in some kind of updraft..I joked an Arab with oil money was buying her..but it might be true..then this rumor started she was going to have compuserve for dinner..and that might be true..any way I told who ever would listen to buy puts or sell short Friday....waahoo..she has given me back what she took March and then some..but with this compuserve thing now I don't know what she will do next. I'v hit her 3 times in a row, in six trading days. --------------- They will make a big deal out of this merger thing..but it's a dud, but how long will it take people to figure that out..one more rabbit out of the hat..and just when I had her ups and downs pegged fairly good this comes along..and now she will likly change patterns.. I still have long term puts, cashed in my short term today.. I was not going to let that much profit sit on the table. Will watch her tommorow.."may" take some 42.5 puts..done had and sold them twice this week, ( well last week ), Friday I rolled up into the 45..just ashe hit 49, but I cashed them in today, as I had to go off and was not going to be able to watch her. I don't like to keep short term puts very long after they make some decent money. I als hate to buy when she is midrange..Friday was the put buying day..you grab this train after she leaves the station and she can reverse on you..been there done that..if you do any puts tommorow..you have to sit and watch them every min..at least untill you know she won't turn around. Jim

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