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: Yikes who wrote (5190)	10/23/1997 6:00:00 PM
From: MW	Read Replies (1) of 13594

Yikes; As I posted before I'm long aol at 44 since April but when it hit 83 about 1 week ago I sold April 90 calls against my position at 10$ and thought I was a genius. Then it traded up to 90 and wanted to kick myself. Nevertheless, if they want to take me out in April at 100 for a 125% profit I'll be happy to go and find a new toy to play with. I also am having trouble with aol at this level though it wouldn't surprise me if aol shows increased sub growth and decent earnings in Nov. and trades higher still. If you guys are right and the sh-t hits the fan and aol starts to trade down I'll continue to cover and then sell calls all the way down and make my money on the premiums . Either way I already won. By the way, I'm still bullish on aol long term, it's just that a 125% profit on one stock in less than a year is enough to ask from one investment . Good luck MW

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