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Technology Stocks : America On-Line (AOL)
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To: FlameMe who wrote (28430)8/5/1999 11:47:00 AM
From: Michael Bakunin  Read Replies (3) of 41369
 
Not short: puts. Cf #reply-10824983 - I considered closing my puts yesterday, but when AOL held up too well I figured I'd wait a little (#reply-10825404); lucky guess. I likely will close out the bulk of my position today after the requisite dead-cat bounce (88 to 77 to 84 to ???) settles out -- but not because I think the stock's priced fairly, but because I think there's still enough foolishness in the market to give it support. Will retain a small position in out-of-the-money puts just in case reality sets in some day. -mb
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