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

To: yard_man who wrote (6428)	12/15/1997 1:35:00 PM
From: IKM	Read Replies (1) \| Respond to of 13594

mediacentral.com Accelerated competition. $40 gets you broadband access with no need for a second line. Think TWX can offer as much content as AOL? Disclaimer: I am long in a big way on UMG, have been for quite a while. That's why I like AOL as a hedge.

To: yard_man who wrote (6428)	12/15/1997 2:36:00 PM
From: James F. Hopkins	Read Replies (3) \| Respond to of 13594

Barry; shorting aginst the box is what a lot of them do, I understand that it can't be used to defer taxes any more, but it's still OK to lock in profits. For big funds it may have other advantanges, such as keeping their margin accout open or up..I'm not sure they may get other discounts too. Big funds actully get interest on shares the lend out to brokers..and I think they can short aginst the box at the same time they have stock lent out..as they are still covered. Like I said earlyer..shorting for the indivudual is a saps game as they have all the aces..and connections to the brokerage houses and know were the stop losses are, they are always short at the top of the heap..if they short aginst the box..and see the price tick up they can cover at a what would look like a loss, in so doing it kicks up the price till the stop losses kick in then they short again..to the saps caught in the trap..each time they short it's for more than they paid..momentum buying but with out actully taking on more stock..90 to 95% of aol volume is not going any where but from one short to another..it's been that way all along..individual shorters play right into it..I may but some puts in a bit, gota go. But I won't short her knowing they can look up my rectom if I put out a stop loss..no way..and I won't use Dec puts..maybe jan but more like march. To top that all off..if you short and she drops bad, you get bought in before she hits bottom..as they call back in the lent out stock.. they are the only ones who can ride her down for any real big gains..I said long ago not to short this sucker..use puts or get burned. At least puts in their own way have a built in stop. Jim