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

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To: ct who wrote (13180)12/27/1998 8:56:00 PM
From: RocketMan  Read Replies (2) of 13594
 
In the panic of summer '98, when AOL started to tank from 100 or so, I put in stops at 90. When it got to the lower 90's I lowered the stop to 80. Then I thought 80 is too round a number, so I made it 78 1/2. It went down to the lower 80's, then before I knew it the MMs took it down to 78, stopped me out, and it ran right back up from there. I was so disgusted I did not even get back in until 120. Of course, that was pre-split. Now I am looking at buying puts rather than placing stop limits.
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