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Technology Stocks : AOL, now I get it
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To: James F. Hopkins who wrote (354)1/26/1997 12:55:00 AM
From: Leo J. Capobianco, DO   of 496
 
For the short term, my prediction is the stock will hit 33 to 34... At that time either better than expected earnings or so positive news will send it back up to the low 40's range. Either way this stock moves up and down so quickly that it's an option traders dream. Right now there is a lot of negative sentiment brewing which will drive the price lower....of course nothing at all here to do with fundamentals. I see support at the 32 -33 range on the low side and this is probably where I'll think about selling my puts. I'll think about buying March or April calls at that point. Just my opinion.
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