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: Michael Strope who wrote (2918)	4/28/1997 12:19:00 AM
From: James F. Hopkins	of 13594

Hi Mike: I play close to the money, most of the time, just the next strike price above or below. For short term calls or puts, I try to buy when she is on top or bottome of the 50 day moving average range..and sell as soon as she makes a good move and stops, but I have some long term puts Jan98..25s they are in what I call a home run position. And won't do much untill she really tanks, which I think for sure she will at least once between now and then. Do keep in mind Putmann is a momentum player, and one of the big holders of AOL, look at the funds that hold AOL, as that can have as much or more to do with which way the stock price goes than all of the other hype. I'm close to buying 10 contrats of May 45 calls, but want her to tick down just a tad more before I bid. Jim

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