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

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To: yard_man who wrote (3507)6/19/1997 6:23:00 PM
From: James F. Hopkins   of 13594
 
Hi Barry; the thing I been telling chen, ( aint heard from him latly)
But I'v said this plenty "keep an eye every day ( eve at least ) on
the big "CALL" positions in JAN98, they are there as cover ,
the 32.50 is the biggest..if you see that call positing close out,
( most of it ) then that is the tip off..if your not looking it
will happen like 1, 2 sell the calls, then dump the
accumulation, over and over I'v said they trend it up with the
profits from the short sells used to buy shares, on the last
run they get rid of every thing calls and all.
--------------------------
You notice how light the volume was today , ( that was them backing
off and looking at real volume at some point they will decide
they can't chance trying to push her up any more..then kapow..
hopefuly for me before Jan <G>
on ADBE to be safe on calls go out to oct any way..jan better.
watch her close she could go on down, ( I doubt it; unless the
rest of the market crashes she is at support ) of course if every
thing goes to hell, well it won't much matter what your in <G>
Right now bar GreenSpam uping rates I see it going up more.
To much money chasing to few stocks..bonds got to get cheap,
and interest rates on up to slow this market down..were do you
put money if your a fund manager trying to beat the other fund
managers, you cant go cash..you wont make fraz and the people
will bail out of your fund..they gota chase the stocks.
Jim
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