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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Dr. David Gleitman who wrote (32359)	10/7/1999 8:18:00 AM
From: John Carragher	Respond to of 41369

"negative issue"<g> America Online Inc. was a Pan in the 10/18/1999 issue of Forbes, Page 200 in the article "Swap Meet" written by Robert S. Salomon. The article is 1 page long. Bearish Reasons Cited: The industry-leading ISP's stock price has been depressed by 40% since A! pril. Robert S. Salomon, principal and cofounder of STI Management recommends dumping the stock in favor of Amazon.com. He believes that the market is currently overpaying for each customer compared to Amazon.

To: Dr. David Gleitman who wrote (32359)	10/7/1999 12:17:00 PM
From: Marvin Mansky	Read Replies (1) \| Respond to of 41369

OK. David I understand that you are short Oct 120 calls on AOL. You can do three things: 1)let the calls be exercised (they take the stock at 120 Oct 15th) 2) buy the calls back to close the position (eat the premium) 3)Close the position, sell November 125 or Nov 120 I would do choice 2 since I am very bullish on AOL I have gotten burned writing covered calls on SUNW where the stock went to the "moon" and I was stuck within a range with a covered call. Just remember that writing calls is always "bearish", that is, you think the stock will remain within a range or go down. If I am bullish I don't ever write any calls against underlying stock