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

To: Rascal who wrote (17524)	5/18/1999 3:54:00 PM
From: PAL	Read Replies (1) \| Respond to of 41369

The action/no action by the Fed is good news to the market. No action on interest rate, but giving a bias in interest rate high. The Fed indicates that it remains committed to control inflation, should the sign indicates that monster is showing up again during the next 6 weeks. Without a "bias" policy the market might take it as indifference by the Fed. AOL should moved up strongly tomorrow. I am counting more on Bob Pittman over Steve Case. Bob is a super salesman and that is what is needed to deal with analysts.Bob can sell sand to the Arabs, that's how good he is. Best action for today: sell AOL may140 put at 6 1/2. Money in the bank as long as AOL does not fall below 133 1/2 by Friday. And should AOL falls below 133 1/2, you can roll the put to June or further. Good Luck to All. Paul

To: Rascal who wrote (17524)	5/18/1999 3:58:00 PM
From: Steeny	Respond to of 41369

I agree. Overall, there has been just one major signal of inflation(CPI). Other signals are neutral. Unemployment was weaker than expected(especially wages).The CRB(commodity) index has hit major resistance after rallying off the lows. The Fed is overly worried about the Asian recovery. Those markets have a long way to go to get to their levels of a few years ago. As yields here rise and Asian stocks recover, more money will pour into our stocks and bonds. The Japanese will especially begin their buying at around 6.00% yields. Interest rates should stay low here. The internet should keep inflation down as well(higher production, but lower costs.) IMO, the bull market is still intact. In a worst case, even 50 bps will not kill this market.