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: Robert Giambrone who wrote (3396)	6/11/1997 3:32:00 PM
From: James F. Hopkins	of 13594

Hello Robert: Well she normally gets a trim when she gets 20% to 23% above her 50 day moving average..which has been trending up and makes playing the short side really hard..I'm not counting on the insider sales to hurt her a lot..and she now may have some support at 55..long term I see her as a real dog..but I'v learned not to under estimate the amount of brain dead people in the stock market. Also the gold fever eliment is strongest in the tech sector, and no logic can be applied to it. Look at the HAL buy of NUMR..now I work aruond the oil patch, I,v seen all kinds of deal cut when drilling is as hot as it is now. So the news will say Numar got this secreat way of being so much better than other companies with what ever it is that Hal is supposed to be intrested in.."give me a break will ya" this is no more than a Brother in-law deal Numar almost doubles in price in one day and the streat don't think about what went on behind the sceans they write it down as normal for one company to buy anther for twice it's value..and even after the buy Numar got a P/E of like 259..wonder how many brother in-laws cashed in on that today.. so what's behind this AOL going up and up..and how far they can take it .. I don't know..my next set of puts are going to be leaps out in Jan99..I got a basket full of 98s already.. and after this bobble I'm going to follow Mikes advice..and swing for the home run , but way out front.. Good luck on your puts..AOL sucks and I use to think I might would feel a little sorry for the bulls when she crashes, but no more..they see what she did last year..now fool me onec shame on you, fool me twice shame on me..in fact the ones you will likly hear crying the most when she falls, are the same ones who sliped out the side door with the loot.. c u l8r Jim

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