SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : America On-Line: will it survive ...?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Robert Giambrone who wrote (3222)5/25/1997 3:31:00 PM
From: James F. Hopkins   of 13594
 
Hi Robert: I hold a large long term "put position" on AOL, and I add
to it as she climbs, calling her very top is as hard as calling a stocks bottome, if not harder..she is trending up, but short term
she does that like a rabbit..and you can play both calls/puts, but
you have to have the disipline to buy at times after she makes
dramitic moves..up or down..profit taken at 20% above her 50 DMA
and short covering when she bounces off it. So you have to use
the 50 DMA to have any idea about getting in for short term plays.
Not the news or the hype be it good or bad, now sooner or later
she will hit that 50dma and won't bounce..but I can't tell you
when..at that point you will lose your last set of calls, but
if you have long term puts you'l more than make it up.
As far as going short by selling the stock..I was raised by bookies
and that is a big no no..if you don't have insurance.
No way I would short this or any other with out calls to cover,
you can get killed trying that.
I did once talk about shorting some stock aginst the box..but had
a bunch of wise guys tell me it was never any sence in doing it,
but I notice a few funds do it big time..they short sell stock they
own...lots of it. Why not just sell the stock...<G> Well for one
thing if you short aginst the box you can never be sqeezed, and
you don't have to buy calls for insurance, and you can buy the
puts before the sale..short it..then sell the puts , buy calls
and cover your short then sell the calls as she goes up.
Want more info ask some of the big holders..most of them got her
for about $2-to $7 ..and thats about what she is really worth..
Jim
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News