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Technology Stocks : AOL, now I get it
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To: John Howell who wrote (412)1/30/1997 9:30:00 PM
From: James F. Hopkins   of 496
 
Hi John: Well the time to buy puts is when you think she has hit her
top, ( or just before ) seems if you wait to long they get jumped
on. The rise today slowed some and was on light volume for her,
last time I bought she went up for 2 more days..and 2 pts, before
she reversed..look at a long term chart..she's on a down slide,
these reversals can be taken advantage of, they bought on hot news;
but let her stop going up for one day, profit taking will send her
back down, and then more people who were just on the verge of
getting out before will jump ship..but why do I just have a gut
feeling that I sould wait a day or two to buy more puts,? every thing
else tells me now..
Jim
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