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Technology Stocks : America On-Line: will it survive ...?
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To: Yikes who wrote (10452)6/26/1998 1:30:00 AM
From: Raymond  Read Replies (1) of 13594
 
Yikes wrote:
For the 10th time, I buy protective calls, but thanks for your concern. It's people
like you who buy and hold AOL blindly (through discount brokers who would
never call them when it is time to sell) that we shorts will eventually eat for lunch
and dinner.
......................
You sure will make a lot of $ if the stock would drop to the extent that I'll lose $, but that's a big if. We'll see. By the way, simply buying puts is equivalent to shorting stock and buying calls at the same time, and you pay less transaction fees that way. In addition, there is no need to wait for a up tick, although that's not a big concern in recent days.

Raymond
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