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: put2rich who wrote (3726)	6/30/1997 1:57:00 PM
From: James F. Hopkins	of 13594

Hi Thanh; Thats why I don't chase her, you never know when the shorts will cover, or how many, but when they do she reverses fast. She is midstream here , and making a profit if you don't get in on one end or the other is hard. It takes a lot of wait and see before I start in on her, and it's ok to miss out..in fact often better than getting in mid stream..I looked at them this morning an said well she should go down to touch 50 or 51..but ... I didn't bite. If she does what I think she should I take calls at 51 or so. If she don't I just sit and watch. ----------------------------- If you not hooked up to real time quotes and web trading you don'tneed to play this puppy with short term stuff. Stick with safer stuff, like longer term. Man thats a big spread 2-1/4 to 2-1/2 gezz a 1/4 point on both ends thats a half point round trip for the bookies..pluss the commisions don't you see what your up aginst..don't chase a stock..not with puts/calls..you wind up behind the curve half the time..and that's not good, it's got to come to you..and then it's tough. Thoes puts were only a $1-1/2 last week..I think they may come back to $3 or more , but hey no way I would buy them this late in the game..it's like trying to jump on a train thats pulled out of the station. 80% of option players lose money. When I cut loses with AOL when she reverses it's fast a frenzy I watch her close..as she slows and shows sign or reversing again I double up, ( fast ) ..and as she comes back I a dump them all.. sometimes a small loss even..but my style takes pratice and I can in no way recomend it to others. Jim

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