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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Ross Roberts who wrote (13712)	4/29/1999 12:21:00 PM
From: larry	Read Replies (1) \| Respond to of 41369

Thanks man, I am just thrilled at seeing someone who claimed to be CEO and has had 20+ years of experience in investment came out with such naive claim that "this is the last chance that AOL is on sale (at 147). I am still long on AOL, but wrote May 130 call when the issue rallied over 160 and sold short and bought put when it went up over 165. Just closed the put position an hour ago but still have the short position. AOL is a great company, but when market sentiment towards the valuation of net company gets sober, the issue has unlimited downside risk just as everyone claimed that sky is the limit for AOL. The last hour for today will be key. In most likely cases, Nasdaq will free fall. Then I am planning to go all long on AOL tomorrow morning when margin calls cleared all the suckers. good luck, larry!