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Technology Stocks : America On-Line: will it survive ...? -- Ignore unavailable to you. Want to Upgrade?


To: MW who wrote (5184)10/23/1997 3:40:00 PM
From: Brent D. Beal  Respond to of 13594
 
***Brent; I'm sure another thing you're very tired of is watching the bulls make a ton of money while you have lost alot. Is aol overvalued? At this point I'm not sure but you've been carrying on about this for at least the last 40 pts.***

For the record, I bought some puts at 65 and broke even, I bought quite a few puts at 70, and lost 90% of my money on the CompuServe thing. . .

I disagree about you having time to jump on a downturn--when it happens it will be quick and brutal. . .

I do wish, of course, that I had played the "bigger idiot" game instead of buying puts at 70, but I guess I jumped on too soon. . .

Whatever happens, it'll be a lot fun I'm sure.



To: MW who wrote (5184)10/23/1997 4:08:00 PM
From: Yikes  Read Replies (1) | Respond to of 13594
 
MW, If You Hold AOL...

It may not be so easy to "jump out" when the slide begins. Because if AOL drops 10 points tomorrow, will you sell your AOL or buy more thinking it will pop right back up the day after tomorrow? How about another 10 point drop the next day? Then we are looking at $70. You will kick yourself for not selling at $90, and again you probably won't sell at $70 because $80 will probably follow.

Yikes