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

To: RocketMan who wrote (12890)	12/22/1998 11:38:00 PM
From: Dr. David Gleitman	Read Replies (4) \| Respond to of 13594

To all: An opinion is needed. I recently picked up some AOL about a month ago, when it had a delayed opening, and opened at 82. Picked up some at 84 and the balance at 92 totaling 1K. I was watching it fluctuate between 89 and 92. I figured on selling the covered calls for Jan 100 at 4 1/8, just to catch it going down and making a point or two on the buyback. "unfortunately", it went up and shot through to 100. I rolled the calls to the Feb 110. Now it's at 138? (who knows with after hour trading). Looking for some input. Should I roll the calls, once again to perhaps the April 120's for even money, go out further to the July 130's, or even further, or do you think I should just buy back the calls, or just sit tight, and wait for a "correction". Now what are the possibilities that aftr having AOL indoctrinated into the SP 500, can this change AOL's volatile nature? Opinions would be appreciated. Happy Holidays to all. David