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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?


To: Sir Francis Drake who wrote (27896)8/5/1999 12:23:00 PM
From: taxman  Read Replies (1) | Respond to of 74651
 
"last time, [aol short] was 40% of my portfolio"

wow! you have a lot of guts. i was short aol once--luckily i also held the calls. without the calls would have lost about a million bucks.

regards



To: Sir Francis Drake who wrote (27896)8/5/1999 2:28:00 PM
From: larry  Read Replies (3) | Respond to of 74651
 
if the market rallies toward the end of the session, I will go short heavily at the close. This is just a dead cat bounce in any means. The higher it rallies, the better I will feel later.

AOL is really kind to me lately, and today is no exception. Covered 2k at 78, longed 3 k at 77. Sold at 84. Bought 15 contracts of Aug. 80 puts at 3 1/2, sold at 5. Bought back at 3 7/8, waiting for a little crash at the end. Wrote open 15 Jan. 75 puts between 11 1/2 and 12 1/2.

Also traded CSCO and MSFT, but the gains not even close to the AOL POS.

My only complain is that Q and PCS are both down.
What a day!

larry