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<DIV><FONT face=Arial size=2>GB,</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2> I am dropping my AOL "membership" and
so are most of my friends. Anyone who has ever tried to open an AOL e-mail
file or attachment knows why. So, how are they going to get new
customers? Reminds me of the old Prodigy.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Cheers,</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Norman</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A href="mailto:onwingsofeagles@xxxxxxxxxxxxx";
title=onwingsofeagles@xxxxxxxxxxxxx>Gitanshu Buch</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:realtraders@xxxxxxxxxxx";
title=realtraders@xxxxxxxxxxx>realtraders@xxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Tuesday, October 10, 2000 2:36
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> [RT] STK: AOL</DIV>
<DIV><BR></DIV>
<DIV><FONT size=2>Seeing everybody on TV </FONT></DIV>
<DIV><FONT size=2>- boosting AOL as "undervalued"</FONT></DIV>
<DIV><FONT size=2>- "great combination with TWX"</FONT></DIV>
<DIV><FONT size=2>- "deal will go through"</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>And therefore, post-merger, "stock will take
off".</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Well, what if it doesn't?</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>What is the market anticipating - and thus making it
difficult for AOL to bust out of this sideways action?</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Noting one way narrow Wall Street above, it would be prudent
to buy volatility. Esp since implieds are tracing out 52 week lows - not just
on AOL, but also on DIS, its chief competitor.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>It is the unexpected that counts. For it is the unexpected
that pushes volatility back to mean.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Gitanshu</FONT></DIV><BR><BR><TT>To
unsubscribe from this group, send an email
to:<BR>realtraders-unsubscribe@xxxxxxxxxxx<BR><BR></TT><BR></BLOCKQUOTE>
<br>
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