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Strategies & Market Trends : Option Trades -- Ignore unavailable to you. Want to Upgrade?


To: scotty who wrote (666)2/11/1998 1:55:00 PM
From: Broken_Clock  Read Replies (2) | Respond to of 2341
 
scotty,
AOL has seemingly run out of steam(whew!).Strangely, when i look back at the chart, it is almost identical to the week/days before the Oct surprise...very strange.I am amazed at the euphoria currently enveloping the market.One dude posted an analysis of AOL that showed it would take 100% of the projected income for 10 years just to pay off the current debt.AOL income dropped by wellover 100 mil. in 97 from 96.Yet analysts are giving a 150 price target!At $150 the PE would be about 90-100...i think that we're treading on very thin ice.It's getting thinner all the time.MDT looks like it could run out of steam too.I will wait and see what happens. The 'tech stock options' gurus are looking for drop from mid-day thurs. or fri.Maybe today will begin.Markey weak.

I'm 50% down on the AOL puts but that could change in about 30 minutes(g).Rightline said the big run up was due to massive short squeeze and massive fund inflow last week which had to be invested.Those funds love the internet.
Dave