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

To: peacelover who wrote (8849)	3/16/1998 10:43:00 PM
From: Bald Man from Mars	Read Replies (1) \| Respond to of 13594

<<This sucker is ridiculous. I know it will come down, but with my luck it will be after I have lost all my money in it. Incredulous. You see how biggies play the rigging game especially now that Mr. Case has been appointed to the board of directors of NYSE. Wall St. is really funny, IMO.>> This dude will go up again tomorrow, and then going to gap up on Wednesday, but after the opening gap, what it is going to do is anybody's guess ... I continue to think that playing option is a better play than outright shorting the stock, you have less outlay and if they wipe you clean, so be it, but if unfortunately you short something like this dude, well, good luck to you, buddy ... I might try to pick up some 70 puts on Wednesday, and just sit and wait ... I bought 2 contracts of June 35 WCOM put last week for $265, now it is worth $100, I am down $165 If I take the alternative by shorting 200 shares of WCOM at 38, now it is 42, then I will be down $800 ... I might lose the whole $265, I have until June for WCOM to collapse, but it is far better than $800 in the hole... Peacelover, does it make sense ...