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 (3379)	6/10/1997 5:34:00 PM
From: James F. Hopkins	of 13594

They got a rich mullet snowed , and will pluck him..likly an Arab, but how long his money will hold out remains to be seen. Then they leverage it to on margins, lots of this stock out on margins, the higher they push it the more it can be margined, no way to tell were their cealing is, the thing that there don't seem to be profit taking is as puzzel..( this stock could be thinly owned ) with the major holders having to jack it up to keep from having to make margin calls.. I think most of the volume is short sellers just trying to get position for when ever it falls.. I under bid the puts early, then cut the bid down more and still wound up with them..at 2..just before the close and they kept falling and I wasn't fast enough to get out..we will have to see what tommorow brings..I swore off the short term puts and did it any way..o-well <G> Jim

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