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: john who wrote (3215)	5/23/1997 4:34:00 PM
From: chenys	of 13594

Marc: If the shorts stay put, the bubble will burst sooner. This is a war against the mother of all scam. Get yourself covered and go with the tide. Manage to hedge with option before it eats into your buying power, very important, and then wait. If Tue. (Mon. Market closed) opens lower, then you win right there. From today's pattern, it is likely to be a classic reversal case. I cashed in the call bought and put sold as it got crazy an hour or two before close and stay short. I saw several irrational market order (short cover, I believe) which caused it to overshot beyond 54, but then the dust quickly settled. If Tue opens below 52, I will put all my cash into it to ride it down. It looks encouraging, but let me go back and do more homework! I will speak in case of 2nd thought.

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