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Technology Stocks : Overture (OVER) formerly (GOTO) -- Ignore unavailable to you. Want to Upgrade?


To: StormRider who wrote (97)4/29/2002 9:45:10 AM
From: Ryan Bartholomew  Read Replies (1) | Respond to of 429
 
I am confident that the AOL deal will renew just fine and they will run higher when it does. Dont be shocked to see 40+ if and when they do renew. If they dont, downside would be limited to the upper 20's, I believe, so either way you will be in the black. An announcement will be made before Thursday - watch for it.

I am still long the underlying stock for the long haul - nothing is likely to change that position in my portfolio anytime soon. As for my short-term leverage, I got out of my May 30's on Friday at 5.50 at the close and I just bought May 35's this morning at 2.05 at the open. Anticipating a further runup after the AOL announcement, especially if the overall market has a good week.