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Technology Stocks : AOL, now I get it

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To: Bill Chase who wrote (426)2/2/1997 6:03:00 PM
From: yard_man   of 496
 
Don't get excited too soon, Bill. AOL will probably have a few pennies less of a loss than the estimates and analysts will hail as great news. Momentum guys will jump for more. Might not happen, but I bet so. I don't currently have a position. I got lucky on my limit price last week an covered my short. Covered @ the low of 33.5 after having sold short @ 39.5 a few weeks prior when Morgan Stanley touted for a 4 pt rise in one day. After eps, if it holds up or goes up some more I'll begin considering puts.

Good Luck
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