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

To: steve lipson who wrote (5362)	10/30/1997 3:31:00 PM
From: Muizz M. Kheraj	Read Replies (2) \| Respond to of 13594

Wimped out. Sold my Nov 80 Puts at breakeven (including commission). It's just too strong. No one wants to sell. Muizz

To: steve lipson who wrote (5362)	10/30/1997 3:52:00 PM
From: moose	Read Replies (3) \| Respond to of 13594

Steve, Iam a bear and AOL and I will tell you why. I have one more year of my prepaid 2 year plan left and then thats it. I hate the downloads when I want to get off, it wastes my time and hard drive space. I cant stand all the forced advertisements that they put on me and that they try to limit my time on line(you have been on line for46 minutes), no shit. I can now use my NSCP for my buddy list. The more AOL lookes like other ISP the more customers they will lose. Lower growth = less advertising $ = a great short. Sorry for my spelling but Iam in a rush.

To: steve lipson who wrote (5362)	10/30/1997 4:35:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 13594

Steve, the only bull case for AOL is that it is heavily shorted. Anybody who holds this stock need not worry about a 40 point dip overnight. -Mohan

To: steve lipson who wrote (5362)	10/30/1997 6:00:00 PM
From: IKM	Respond to of 13594

<<If it can deliver numbers next week or in the near future, then there is almost no cyclical economic or market force that would keep it from moving higher.>> Steve, that's dangerous thinking in my opinion. It's not wise to try to fight a sea change in the market with any stock. That's why I'm hedging with AOL. I was briefly in cash (got suckered back in on Tuesday when I could finally get some real-time quotes and get through to my broker), but I am using AOL to hedge my UMG, which had very good news on Monday. It's doing well on a relative basis, but it is still down. Listen, everyone, stock valuations are relative. Future dividends and earnings are discounted to the present. The discount rate is dependent upon return to stocks overall. Ergo, if the market goes up, there is upward pressure on all stocks. If the market goes down, there is downward pressure on all stocks. Don't think you can buck the market. BTW, it's that sort of thinking that prompted me to adopt a bearish stance on AOL. If you let your eyes see, you can usually spot a bubble.

To: steve lipson who wrote (5362)	10/30/1997 6:11:00 PM
From: IKM	Respond to of 13594

<<If it can deliver numbers>> BTW, Steve, do you have very good cause to believe that it will, or are you just hoping? Betting on the come will get you burnt more often than not. I hope for your sake you are betting with calls, so that your losses are limited if you are wrong. I'm betting with puts, which are a big ouch if I'm wrong, but at least it won't be catastrophic. This market still has some big moves left in it, though not necessarily in a single day. I'm betting more will be down than up.