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

To: Dr. David Gleitman who wrote (12891)12/22/1998 11:43:00 PM
From: Andy  Read Replies (3) | Respond to of 13594
 
HELP HELP HELP
FIDELITY AND SI say the closing price is 138.
Money line just said AOL closed up 6 at 123.
What's the deal? After Hrs. is never quoted
as the CLOSING price. Can anyone shed
light on the strange occurrance,
Thanks,
Andy Richter



To: Dr. David Gleitman who wrote (12891)12/22/1998 11:56:00 PM
From: Magnifique  Read Replies (1) | Respond to of 13594
 
David, your best option is to buy your options back on the first pullback,as you will be wasting good time, if you will continue to stay with position that is moving against you ,of course you can let your options be exercized in Feb, but by that time AOL probably will be 180,I certainly would not roll, but just keep the stock, as it is known winner... volatility actually may increase as it becomes a play in the hands of index funds...Good luck, Magnifique



To: Dr. David Gleitman who wrote (12891)12/23/1998 6:04:00 AM
From: Mike Torrence  Respond to of 13594
 
David, In my opinion covered call writing is a good strategy with relatively low volatility stocks then tend to move marginally (low beta). That way you keep the option premiums and the stock. I'd buy my covered writes back and enjoy the ride. With stocks like AOL (market leader, premier growth name) trying to time a correction is an exercise in luck and time is not on your side.
Nothing wrong with covered writing as a strategy but not with this stock.
Mike



To: Dr. David Gleitman who wrote (12891)12/23/1998 9:52:00 AM
From: Pruguy  Respond to of 13594
 
Hi DR.
I know you from the CPQ thread. In my opinion, AOL is not very siomilar to CPQ and is not a stock which lends itself to covered calls unless you are content to let them expire. It's a crap shoot what to do know, but in the future, I would recommend avoiding CC's on this one. If you want to trade it, one can do that but covered calls shouldn't be used on this one if it is a long term investment......playing with fire


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