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Technology Stocks : AOL, now I get it

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To: Warren Gates who wrote (449)2/6/1997 8:22:00 PM
From: yard_man   of 496
 
Warren,
It sounds like you've done pretty well for yourself. Got any other names that have statospheric pe's I could take a look at. I was wishing I'd done VIAS. The Feb 50's were only 5/8 about two or three weeks ago when the share price was a little above 60.

I agree this is a good time for puts -- market's edgy. Very good risk to reward ratio! If AOL can make it to the mid-40's I'll buy puts. I don't know why anybody would want to buy the stock. I covered a short position little over a week ago which I held for a couple of weeks for a 6-point drop in the share price. The premiums seemed a little high to me on this one when I was looking at it before.

I bought GEMS today after it got clobbered. It may slide some more, but I still feel like I got it on the cheap. Lot's of rich folks are going to be convinced that they need this PCS stuff, I think.
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