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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (16601)	4/15/1998 11:21:00 PM
From: Jason Ghionis	Read Replies (1) \| Respond to of 94695

I think AOL can come down to the mid 50s over the course of the next 2 months... I've been very careful with the Internet stocks but when they start coming down, they'll be coming down in a major way. Then watch the volatility premium soar offsetting any time value erosion... As far as timing goes, this is probably the toughest group to time. That's why I'm suggesting October puts. My opinion is that by mid-summer the Internet stocks will have experienced a sell-off..