America On-Line (AOL) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : America On-Line (AOL)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: tang who wrote (9642)	4/6/1999 2:34:00 PM
From: Vendit™	Read Replies (2) of 41369

Tang I have the answer because I have a very good memory. Mr smart announced he had covered 1/2 of his short position from $149 to $145 after the market closed. AOL closed that same day up a few dollars and was at the $152 level..........it never dropped below that again and we are now at $170 which means smart lost. Todays best place to cover was $162 3/4 or for a loss of $13.75 per share covered as his best possible scenario. Worst case scenario was he covered at todays high of $175 1/2 for a loss of $26.50 per share. The day he covered the low was around $145 so he made $4 per share on 1/2 his position and lost up to $26.50 per share on the other 1/2. Bottom line Smart is now going long trying to recoup his bloody short position. Vendit Ps: I'll go dig out his posts if I have to along with historical pricing.<g> tradepbs.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next