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: yard_man who wrote (3622)	6/26/1997 4:24:00 PM
From: James F. Hopkins	of 13594

Hi Barry; Well it's was an exciting day ..I'l look at her in the morning..she may gap down..as it was still a black day for her.. if she don't I'l come out of the other half at market before they lose value.. I do question the sanity of all this, I'm much beeter than I once was..but it cost me a lot to learn. I do worry about new comers that see me going on and think it's easy money..it's not ! I dumped 25 when they were 3/4 on the board but hit market..to rush them as I saw the reversal..but I only got 11/16.. ------------------------------ They are 9/16 -11/16 ...could get 5/8 now.. I see some of the AOLSKs got 2.5 they bought ystrdy at 1.5 so the paid 3 times what I did..and took on a third as many lets check it out ...10 at 1.5 / sell at 2.5 = $1000 profit 30 at .5 sell at .6875=$ 562 profit they done way better than me..so far..mine are to far out of the money unless she comes on down..then I hit it big, but if she stops here I don't make much. ---------------------- If she goes to 50 I'll likley buy a few calls, out front.. maybe AUG..none after that..I think when C-NET really comes out with "SNAP" in Sept..then this turkey will be lucky to trade at 30.. Jim ----------------------- To any new comers you need to be able to get real time quotes on the run via your computer to keep up with the short term stuff I do. If you don't have a discount broker commissions, alone will eat up most all your profit.."if you make any", it takes a lot of time to cover the angles..and then you still get burned from time to time so you got to have a tolerance for loss and enough reserve to make several stabs.. don't gamble over a 1/3rd of what you can afford to lose, on any play at any one time, onec you get into a set of puts, or calls / you don't own them they own you..my bigest mistake recently has been trying to play to many things at once. Jim

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