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

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To: James F. Hopkins who wrote (3299)6/2/1997 6:50:00 PM
From: Todd Daniels   of 13594
 
>..I have't figured it out yet..but they didn't open her at the
>bell..in fact she was real late opening.

If you don't know what's going on, don't trade options.

Was sparked by LA Times speculation that MSN would get out of
access biz. But AOL was only up 1/8th until Bloomberg ran
news of LAT story. Real slam-dunk long trade.

latimes.com

But as CNET reports, MSFT has been denying it all day.

news.com

Look for WSJ, NY Times or SF Chron to do follow-up throwing
some cold water on the speculation. Another slam dunk trade.
Sold the huge call premium at the close.

The last 15% had been due to total smoke -- Cowen's incorrect
speculation that AOL would make `big announcements' at last week's
analysts meeting; and today's MSN speculation.
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