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

To: David Petty who wrote (19855)	6/3/1999 1:35:00 PM
From: Bridge Player	Read Replies (1) \| Respond to of 41369

I had bought AOL July 120 puts and sold May 125 puts when the stock was around 135 or 140, don't remember exact price. Closed it too early as the May would have gone out worthless when the expir close was about 126 1/2! I think AOL is oversold now and due for a rally. Am currently considering buying Oct 120 calls and selling July 120 or something in that general area. I am still a long-term bear on AOL, purely on valuation grounds, and expect the stock to eventually break 100 on the way to lower ground. BP