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Technology Stocks : America On-Line: will it survive ...?
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To: chenys who wrote (3119)5/15/1997 10:36:00 AM
From: James F. Hopkins   of 13594
 
Hi Chen: Well a spread is a hedge.. don't open both sides
at the same time..but you get the "spread" and if you can't hang
onto it you close out..what I mean is instead of always paying
a "spread" you get inside one..it can be like double ouch,
if your not careful..any way you sell the high one buy the low
one..roll forward up or down..
the way you enter is were you get your "speard" the ace in the hole is the longer term options..but close to ex date don't do like I
did and get your days confused..just checked aol maybe I came out
ok..but jbil is still falling..and it would have made up the diff..
made one bad mistake last 2 weeks I jumped on xcit to soon..then my
next mistake was I came at AOL to late..I know the trading range
as good as the next guy..( not that I always get it right )
some mistakes are to be expected, but for me to get distracted and
make a mistake because of that gets my goat.
Jim
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