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: Nasty P who wrote (4024)	7/16/1997 11:13:00 PM
From: CLAUDE JOHNSON	of 13594

NP, ALL, I have actually grown very fond of Steve and Paul. Without their input I would not have done any more of my homework. It was this research (back of the napkin compared to what things others do), that helped me WAIT, WAIT, WAIT until the top was a little bit easier of a guess. Still holding firm that we won't see $75 ... not while AOL is mainly an ISP ... maybe not in our lifetimes! I will be the first to say I'm wrong if I am. NP ... Yes I meant BUY not SELL ... what a mistake if I had communicated this to the broker!?!?! Today's trade was (from the AOL OPTION BEAR OF BEARS): ------------------------------------------------------ Sold 10 Jan AOL 90 Calls @ $5.00 Bought 10 AUG AOL 70 Puts @ $3.50 Netting a credit of $1,500. Position is already up about $1,200 or so. Don't sell the naked calls! I do 'em, but then WDIK!!!

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