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Technology Stocks : America On-Line: will it survive ...?
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To: Jason Cogan who wrote (10071)5/20/1998 8:14:00 AM
From: A. K. Giddings  Read Replies (2) of 13594
 
JC,

For the AOL short I was using ETRADE with a good till cancel, buy to cover, stop loss, market order with the stop limit set at about 85 against a previously established short position. These are all options you can enter with an order on ETRADE. Since AOL is now a NYSE stock, I assume the specialists at market open look at the outstanding orders and set the price accordingly. There were probably a few others out there as well because sure enough, it gapped open just over 85. Oh well, at least I got about 5 points anyway.

andy
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