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: J.S. who wrote (4202)	7/30/1997 2:34:00 AM
From: CLAUDE JOHNSON	of 13594

Well AOL is in No Man's land!! I follow a bunch of threads and have a keen ear to pick up on others thoughts. We've got a lot of people talking about buying puts on AOL RIGHT HERE RIGHT NOW! We've got comments from the key bears on this thread pointing to another bounce back off the MA when it hits 62 (varies b/t 59-62, but a bounce back, not a continued down turn.) We've got a lot of people who want AOL on the future success it will be (Why these people are willing to look THAT long-term in today's market is beyond me). Me ... I'm just dazed and confused. Too many late nights trying to see where we're heading in the overall market has got me bug-eyed and a little out of it. Sold the other side of that straddle I bought awhile back (AOL Aug 65 puts @ $4). Nice profit on the straddle. The only thing I got on AOL now is 10 Aug 60 puts @ a cost of $2 (put in a limit to sell them @ 2.5). Should these sell, I'm on the side scratching my head for the next clear indication of direction. Very confused at how she is trading lately. Baffled, but profitable. Curious as to what others are playing on AOL. It's been a long time since others have posted their trades on AOL here.

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