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Technology Stocks : America On-Line: will it survive ...?

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To: James F. Hopkins who wrote (4104)7/22/1997 6:56:00 PM
From: CLAUDE JOHNSON   of 13594
 
Jim,

Glad to here about your new appointment Captain!

If AOL does bounce up to 68, this will be a big hurt as she may even go up to low 70's. I looked at her yesterday and saw IMO that she would not breach 67 (she might touch it, but wouldn't breach it). Well she got near, but corrected, then took another run.

Listen, the shorts are coming out on a permanent basis now (according to my broker). This will allow her to trade more freely.

As for the premium on the puts ... well you expected this. Me, I pay the premiums counting on reaping them back in the short term if I get out within a week. Sometimes I do lose the premiums (like the erosion today on WDC premiums), but I want to play the game! Look at the Aug 60's! 1.50 These puts should be good for a quick double ... don't you think!

Will miss your great observations! Get a wireless Captain, or at least look into the new FM wave technology! Straight through a TV card! I don't know about its limits though.
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