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Technology Stocks : America On-Line: will it survive ...?

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To: yard_man who wrote (3458)6/16/1997 2:48:00 PM
From: James F. Hopkins   of 13594
 
Hi Barry: I went in Jan98 puts back when she was 45 :-(
I'v still got them, and averaged them down at 55..and considered
doing it one more time if she makes 65. but I may just roll to
Jan99 at that point..I don't see her plan working out..but it
could take a long time to shake out the funds that are sold on
her..
The thing is..this stock trended up FEB, March, early Aplr, when the
market was going down, now she is still trending up good, with
a rate of climb even a little faster, still she is due for a correction, (OVER DUE) and I think they know that, the put cost
as gone up 25% ( like if you do a price/sticke price ) cost,
above what it was, like the 60 July is 4..were a month ago
whe she was close to 50..a 50 June only cost 3..they are getting
more premium relitively speaking and time wise as she goes up,
so thats a factor to.
--------------------------
Jim
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