America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: Rascal who wrote (17524)	5/18/1999 3:54:00 PM
From: PAL	Read Replies (1) of 41369

The action/no action by the Fed is good news to the market. No action on interest rate, but giving a bias in interest rate high. The Fed indicates that it remains committed to control inflation, should the sign indicates that monster is showing up again during the next 6 weeks. Without a "bias" policy the market might take it as indifference by the Fed. AOL should moved up strongly tomorrow. I am counting more on Bob Pittman over Steve Case. Bob is a super salesman and that is what is needed to deal with analysts.Bob can sell sand to the Arabs, that's how good he is. Best action for today: sell AOL may140 put at 6 1/2. Money in the bank as long as AOL does not fall below 133 1/2 by Friday. And should AOL falls below 133 1/2, you can roll the put to June or further. Good Luck to All. Paul

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