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: chenys who wrote (3028)	5/6/1997 6:27:00 PM
From: James F. Hopkins	of 13594

Hi Chen: Heck yesterday you said she was headed up. exchange2000.com so I bought a boat load, <G> Here is what happened..lots of people have been wanting out of AOL..the so called good earnings report thoes people thinking, this is the time to sell..the momentum people said this is the time to buy..( the shorts were not in it they all covered over a week ago ...they strated back shorting late today )..the run up was momentum buyers..speculators..on the good report..the sell was old time holders getting out..the shorts hit it late today, the momentum guys will hope aginst hope but chicken out tomorrow..short covering will likly start about 45.. but there may not be enough to check her fall..the 2 cent profit was not earned..it came from the telscam deal.. the increase in REV..is not of value when you look at the incresed cost of running this monster..anyway it's easy to double your income when you hardly had any to start with, I got busy today and missed the reversal myself..but will go after her in the morning , they generally do a gap up early on I hope to catch that..if she don't gap up it'l be like chasing a falling knife..dammm..thought she would hit 55, well I can't catch them all, got in on the intel drop, and the TDW rise, and even got rid of some calls I had on PSInet..now she will likly really go up..but AOL will rally a little about 2pm but as the real short short sellers ( day traders ) will cover about then. Maybe they get the arab to buy some more. <G> LONG LIVE AOL..she is a fun stock..even if the service does suck, may daytrade a few may puts..any thing else has to be out..in june or july she could hold or bounce off 45, if she goes much below that look out for 25 agine. Lots of fund managers are getting disgusted with this stock.. JIM

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