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: put2rich who wrote (3736)	6/30/1997 10:38:00 PM
From: James F. Hopkins	of 13594

Thanh; Well you are in a pickel, and it's no way to advise you, I give you my feelings, and they may be wrong. Right now Aol is maybe going to put in a new base..I see daily volitility and that may get you out of the tight spot, I don't see her going up much for the next couple of days, in fact she closed a little weak.. but she will try hard to hang around this level. Her lows seem to come around 10am to noon when she is doing this, maybe you sneak out on a low during the day..the options often change price as much as a 1/2 during the day. There weeks ago I played her trying to get poisition at the top..and for two weeks she went up, but I day traded tight enough that I actually made a few dollars, not much, and sure would not recomend it. Right now I would not play her at all..but if in you shoes I would put a sell on my puts about 1/2 above were they open in the morning..if the open at 2-1/4 put sell at 2-3/4 and take the loss..if they dont sell do same thing the next day. But being you don't day trade be aware to do this ( and I dont want to scare you but have to tell you that doing what I just said above "may not work" and you could still be down more. But I do think you get out at 2-3/4 maybe even 3..but I don't want to bet on it heck if I did I would be buying in.. she about 50/50 wind up tomorrow were she closed today, but scare hell out of you both ways. They pump her a lot, the market makers manipulate the price up and down during the day matching bets not just as they come in but from a pool they have this causes a mild panic on both sides of the fence and they get orders they can match up and in effect make a big spread. Good Luck; but in your shoes try to get out of her with out to much loss, and forget making any bucks on this run..it could happen but would be pure luck if it did. Jim

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