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Technology Stocks : America On-Line: will it survive ...?
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To: CLAUDE JOHNSON who wrote (3785)7/2/1997 6:19:00 PM
From: Nasty P   of 13594
 
Claude,

Great you have the same background as I do. I gotta run, got a grad class tonight.

In short, I am getting hammered: sold July 50 calls @ 4 1/2, bought July 55 calls @ 1 3/4. The spread is over 5 now. But...Paine Webber came out with attractive rating. I smell another suck-up. I am prepared to buy July 60 puts on Monday. It should come down before July options expire.

Talk to you later tonight.
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