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

To: James F. Hopkins who wrote (6431)	12/15/1997 2:51:00 PM
From: vegetarian	Read Replies (1) \| Respond to of 13594

AOL has about 100M shares outstanding and the possibility of being bought out from a short position in a panic crash, although exists, is very small (based on the possibility of a crash occuring in the market and AOL's multi-year chart which does not show huge one day drop). This has to be weighed against high options premiums and their expiration risks with AOL. I prefer being short because that offers currently more flexibility against options because I think it will slowly sink; options are OK if you are looking for a couple of points.

To: James F. Hopkins who wrote (6431)	12/15/1997 3:05:00 PM
From: jack rand	Respond to of 13594

PLEASE USE AOL TRADERS SUBJECT FOR INTRA-DAY TRADE CHATTER. techstocks.com Here, it makes things messy. Thank you.

To: James F. Hopkins who wrote (6431)	12/15/1997 3:12:00 PM
From: yard_man	Read Replies (1) \| Respond to of 13594

Looking for a broker that will let me do spreads. I think this could be a good way to play AOL for a longer term and get around the problem of the high premium if one is reasonably sure that the direction will be down over the course of say 6 - 9 months. Sell calls, buy puts out some months. Then buy higher strike calls near term to protect and keep rolling forward. What do you think of this approach? Sorry long termers. I'll take this over to traders after the next response.