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


To: Tom Rollins who wrote (8882)3/17/1998 2:47:00 PM
From: Michael Harb  Read Replies (1) | Respond to of 13594
 
I've got 40 of the Apr 60 puts. Got them before the close yesterday. This is playing out just as I had predicted. Everyone and their brother gets in BEFORE the split thinking that everyone else is going to buy post split... Splitting from 130 to 65 isn't going to bring to many more folks in that wouldn't buy yesterday. If they did a 5 for 1 and brought the price down to 20, maybe. Post split anti-climax is setting in. Look for 60 by weeks end. Already up on my puts about 25%. Aaaaaah. Life is goooood.

mike



To: Tom Rollins who wrote (8882)3/19/1998 10:45:00 AM
From: Tom Rollins  Respond to of 13594
 
Looks like I am a chicken trader.
Sold my single AOL april 65 put this morning.
easy come, easy go.