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

To: moose who wrote (6038)	11/18/1997 3:52:00 PM
From: jack rand	Read Replies (1) \| Respond to of 13594

Pitchman is on CNBC (6:30pm or 7pm). His PR probably sched him last week to gloat about 10 million. Now he'll have to talk about that vis a vis e-mail problems. Should be interesting.

To: moose who wrote (6038)	11/18/1997 9:28:00 PM
From: Warren Gates	Read Replies (1) \| Respond to of 13594

AOL chart shows a bear channel developing with its lower highs (90, 86, 78) and lower lows (75 70 65) ... this pattern should continue until we see some kind of reversal on heavy volume which will make the price attractive enought to attract investors (certainly, momentum players have left or just about to totally bail out from this sinking ship). Right now, buying puts on AOL on the intermediate channel highs is the smart thing to do ... that's where shorts stop covering and probably start shorting more. The good thing about a stock on a down trend like this with heavy short position is you will always have a snap back. It's not just going to plunge in a single day ... a trader's paradise. Question is, if AOL is now left to deal with fundamentals rather than momentum investing, its PE of 100 now becomes an issue. Long on IOM, short on AOL ... in today's turbulent markets, we should always sleep on a market neutral portfolio.