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To: Jorj X Mckie who wrote (70393)	10/20/1999 1:25:00 PM
From: IceShark	Read Replies (1) \| Respond to of 86076

That is the common wisdom. Although, if the sellers are smart money and hedging with the intent of just capturing the premium, I guess it could be considered smart gamblers and smart arbers. Watch the call premiums evaporate tomorrow. -g- Given current market conditions it certainly seems like a slam dunk that AOL will go up. Their ability to hit basically any income number they want by fudge accounting and a bullshit split announcement will do wonders. Then throw in some rosy rah rah statements about new deals. -ng-