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

To: Skeeter Bug who wrote (5617)	11/7/1997 11:22:00 AM
From: Warren Gates	Read Replies (1) \| Respond to of 13594

Covered my puts today while there's still a hefty premium because of the implied volatility. Didn't like the fact that it is selling off just slightly and not on heavy volume. Might still take some more bad news to totally shake out the loonies owning the stock. Technically, it is at its 50 day moving average which has always been a launch pad for its rallies. Let us see if the momentum money can still push it up. A breakdown below 70 is what I need to get some puts again, or a push up to the $83-84 level.