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Technology Stocks : America On-Line: will it survive ...?
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To: yard_man who wrote (3764)7/1/1997 3:31:00 PM
From: James F. Hopkins   of 13594
 
Hi Barry; It wouldn't surprise me, the intitutions that hold it,
can push it up and make their portfolios look half way respectable,
and so much is done to save today and let tomorrow worry about it
self..they want one more ride up before the FALL report..then a
repeat of last year ...as long as they can hide behind a smoke
screen they will, they have jobs to protect. <G>
I had hoped she would come on down..then I was going to ride some
calls up..but she has broke her pattern..and I'm waiting to see
what the new one will be. It's still 50/50 that she will reverse
this up move as I think it's just shorts covering..it will be
another week before I can get enough short info to analize whats
really happing even now..but the last report showed a decres
in shorts..that takes out support as there becomes less and less
to cover, if the short interest falls enough then when she dives
there is nothing to check her..and after she breaks one or two
down side support levels the panic selling starts.
I backed of cyrx with that news..and will look at calls when the
volume falls off, but they need to be out at least Nov.
I did take on some more ADCT puts this morn she had a small
rally..looks like I missed ADBE big time.
Jim
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