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

To: yard_man who wrote (6994)	1/26/1998 4:45:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 13594

Hi Barry; On EWS no individual investor has bought it below 5 yet that day it shows below 5 was what the fund itself paid some sellers..the only way you will get it that cheap is if our market crashes, in that event most of the Asia recovery is off. Foreign markets, or Asia will out do us "if" we don't crash, let the U.S. markets tank and the world will follow. Always has been that way, after all we are the largest buyers dollar wise of goods in the world. Let a resession hit us and they lose their best market, and that kills profit margins. --------------- On CLX how many shorts play it ? Heck I been playing SPY short 300 at 96 -1/4 today, seldom hold a position over 3 or 4 days. Been both long and short her since Dec5th ( of course not at the same time ) and have hit 7 out of 8 of my positions since I started playing her, for almost a 4k gain so far. Thats after commisions too. Takes watching her and the market like a hawk. She tracks the S&P, is very liquid and most of the time she is not hard to call. During the day it's the TICK and TRIN of the NYSE I watch most, with my own DOW30 index set up with the 10 largest caps, seperate from the 20 smallest ones weighted by market cap, this gives me a leading indicator as you can see when the tail shakes the dog so to speak, Like the DOW index is up today..( last I looked ) but not in market cap ! In fact the MEGA caps are falling, same thing happened just prior to OCT27th. I see CLX as market preform, your short will likely work as the market signs are pointing down. AOL seems to have a mind of her own, but I think she getting close..lack of short interset means lock of something to catch her..but been looking to see YHOO drop off too, as they are somewhat related, and it looks like she is begining to fall, if that keeps up AOL won't hold. Got to check the short interest on YHOO. Jim