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


To: Larry J. who wrote (8994)3/23/1998 8:12:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 13594
 
Nice to see good company on the AOL thread.

Larry,

The compliment returned to you:-)

I agree with Hawk that AOL (YHOO, AMZN, ELNK, etc.) are highly manipulated but
when the music finally stops....and it will, the ride should be very rewarding. As a long
time ASND shareholder ($40's on down) I feel for all you shorts in @ much lower
prices and in particular hope this thing turns real soon for you.


I am short all the above except ELNK. I never followed them. I just need patience now.

Glenn



To: Larry J. who wrote (8994)3/24/1998 1:56:00 AM
From: Stephen  Read Replies (2) | Respond to of 13594
 
I gave up on shorting this one. Fundamentals don't seem to play a part, if they get a downgrade like the recent one, based on price, they can just announce a few deals to be refactored into the calculation, they have no Asia exposure, they are at the forefront of the big new thing, e-commerce, people pay them or give them a cut to be on their site........arrggghhhhhhh!. I follow the internet stocks closely, and the bias has been downward for over a week ... but any weakness in this one is seen as a buying opportunity. I was sure that AOL .... and Amazon would have to fail .... but I've been soooooooooo wrong. They should carry a government health warning for short players. I believe that until the end of the month, when fund managers have dressed up their books, this stock will remain strong - it just looks so good in the portfolio !!!. After that ......



To: Larry J. who wrote (8994)3/25/1998 12:40:00 AM
From: Gary Korn  Read Replies (2) | Respond to of 13594
 
Larry,

Nice to see you and Glenn here. Now that we are short AOL, what would be a good hedge? Perhaps some call contracts? I'm guessing, however, that they might be quite pricey.

But wait. Selling puts is bullish, correct? How about selling puts?
The premium should be rich, and the take might offset a good amount of any upside loss on the short shares.

Glenn? What do you think?

Gary Korn