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

To: Hawk who wrote (8511)	3/5/1998 11:46:00 AM
From: lawrence lerner	Read Replies (1) \| Respond to of 13594

Hawk- I know very little about the mechanics of options. But, given that AOL is being manipulated by big money(that knows it is overvalued) couldn't the big guys be buying enough to increase the price of the stock, and, at the same time use puts at the increased price level to benefit more when they stop buying and the price drops dramatically?(Whew, long sentence!) That, along with short covering, would profit them on both sides. If so, that's what I think is happening. In a posting last night I stated that I thought I smelled a bear trap.

To: Hawk who wrote (8511)	3/5/1998 11:50:00 AM
From: H James Morris	Read Replies (1) \| Respond to of 13594

I guess the investors leaving Intel are jumping on Aol. I had a retail broker call me cold, hyping Aol, saying that the > $ 1000pc will push Aol's subscriber base up by the Mil's. So I'm short another 1k @ 116 3/4. AMERICA ONLINE INC(AOL) Bid: 116 1/2 BidSize: 15 Open: 114 Ask: 116 5/8 AskSize: 25 Close: 113 Last: 116 9/16 High: 116 13/16 Div.: 0.00 Change: +3 9/16 Low: 114 Yield: 0.00 A.High: 125 P/E: 221.57 Volume: 1040900 A.Low: 38 5/8 EPS: 0.51