Hi Robert; thats when she fell last year, "when the shorts pulled
out" the string pullers are making a killing off the shorts, when
the shorts give up, then the string pullers sell off, most of them
got their shares at less than $10.
There is no way to predict it but at the last min you will see
the Jan98 32.50 calls sell off, before they dump the stock they
will dump the calls, but that can happen to fast to catch it if
your not looking at the time.
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AOL , the stock lives off the short sellers, the company off hype,
and spam. If either one quits working she fall to maybe single
digits..but the time frame could be some time off.
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I have a large position in Jan98 puts, no way I'll give it up,
short term puts are not my main game. But I have timed her ups
and downs right 3 out of the last 5, I closed short term puts
out on the 3rd..still on the side lines since then, all the volume
you see are shorts..they sell put in a buy stop and get picked
off..wait till you see her go up and no volume results..she will
hang a few days then correct..as she corrects the shorts will
rush back in ( half of them too late )..and she will do her normal
thing down about 8 pts..then fly back up. You have to be fast
and in front of the curve, or at least on it.
Jim
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