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Technology Stocks : AOL, now I get it

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To: yard_man who wrote (336)	1/23/1997 8:46:00 PM
From: James F. Hopkins	of 496

Hi Barry, there may be some resonable puts about noon tomorrow, I don't short sell, at least not yet..but I do buy puts.. AOL puts seem to rise early..drop about noon..and close on the rise.. I had my puts feb40 puts on the table for Day only at 4.5..they didn't take them and by 2:30 I saw the down trend was really set so I called the broker & they had not taken my puts. were only bidding 4 so I quickly killed my sell order..and just in time.. as last I looked tey were going for 4-7/8 and the last trade colum was really higher than the ask colum..nver saw that before have you ? any ways... this stock could take a big hit..CNN really laid it on them today, even had a phone dialing them, and getting the busy signal..said that was all they could get, N.Y. Atn. Gen..was on there, this could be more than just a few people sueing.. any way I won't sell my feb40 puts now untill I can buy some on out in front..down around 20 or 25.. she might go to the basement before this is over.. jim

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