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

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To: yard_man who wrote (3190)5/22/1997 11:20:00 PM
From: James F. Hopkins   of 13594
 
Hi Barry: she's worth "watching"..but her short term fate is very
confused..I'm not fooling weth her other than my long term
puts till she makes 54...or 46..thoes points move and are only valid
for the next 3 trading days...50-51 is to much in the middel of
her range..and with the spread the bookies have on the options
it's less than 50/50 you can come out ahead..got to have her on
the high or low end..20% or more above the 50 MDA..or bouncing
off it..one or the other..for short term play, thing else is
foolish. I stay "long term " Short in case she gets hit before the
open one day. I use my short term money to roll up that position
the real money will come when she does a swan dive..there will be
no warning , every thing will close one eve nice and cozy like,
the next day before you or I or any indivual trader can do fraz
she'l be in the dumpster..I bid my butt of as the bell rang the
other day on two..and never got in a lick. Heck I had in so many
put orders before the market opened I was losing count, cube crashed so fast and I never got a one..then she started to bounce and I was
in a scamble to kill them. News is always too damm late, the only
way you can use news is to count on the market over reacting,
to both good and bad., so be ready to sell on the good news, & buy on the bad news but in a way to take advantage of the over reaction,
good news does just the opposit of a dead cat bounce, but you got
to be fast pluged in and have your timing right..
JIM
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