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 (4103)	7/22/1997 5:15:00 PM
From: James F. Hopkins	of 13594

Hi Barry; There are a lot of people buying options now days, and that seems to run up the price, both puts and calls. I had IBM pegged yesterday but didn't buy any puts as the cost was just to rich for me. AOL has gotten way worse cost wise on playing options since I started, so it's time to give her a break any way. You can't really come out if too many people short a stock, then the odds roll aginst you, or the amount you can make gets down so bad that you can't afford many mistakes, and that's no good. AOL had short covering yesterday and early today, then when she bounced to 66.5 she was shorted again..( that buch will likly get picked off my guess is they put stops at 68 )..and the Big boys will take it up there and pick them off as they have a ready market.. AOL never came down to my target of 60 for buying calls, as to many shorts covered. Looks like I'l just be watching from here on out except if she makes 80 before I sail I'll get some more Jan 98 puts. Jim

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