To: Yaacov who wrote (38764 ) 2/18/2000 9:39:00 AM From: im a survivor Read Replies (1) | Respond to
Folks, what seems to be the problem here ? The writing has been on the walls for quite some time. People need to accept the fact that for the foreseeable future, things look bleak with AOL. However, long term, most will be happy they hold this stock.without a doubt the best thing aol could do. However, short term things look rough. First, I decided I still want aol, just not as much, so I slowly sold after the split in the $90's and $80's. After the deal, I sold some more immediately,as I knew we would be dead water for awhile, and I figured inut valuation would now be in question. My long term outlook made me absolutely want to hold some so I did and have been writing covered calls on them to make some decent bucks. The volatility has created a wonderful opportunity to play the roll down game with CC's. I don't know without figuring, but am sure I have made at least an extra $1500 -$2000 per 100 shares I own...or in translation, that means I have made an additional $15 - $20 per share gain for each 100 share block I still own. Additionally, I plan to keep on doing this for the remainder of this year and/or until things turn around to the positive. Conservatively, I figure I will at least double my money and possibly a good bit more. I risk losing the shares, but I am keeping the strike price high enough to where I don't think that will be a problem, and at this point, my profit is already so high on the cc's I have currently written, even if I am forced to buy them back because aol explodes and holds the gain, I can buy them back much, much higher and still have a profit. With this in mind, I don't foresee aol exploding anytime soon, and if it does, I see alot of selling. Additionally, I have limit buy back orders to protect myself from having to buy them back too high.
