America On-Line: will it survive ...? Message Board

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Technology Stocks : America On-Line: will it survive ...?

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To: Joe Gleason who wrote (1130)	1/20/1997 2:07:00 PM
From: James F. Hopkins	of 13594

Seems someone shorted her on the open, at 40.75, drove her down to 39.25, she started a small rally, they covered their shorts just after 11:15 @ 40..so they picked up .75 on 50,000 shares, she's up a little from there but still down 3/8 for the day so far..look for her to close about 40 to 40.25 , but that's not firm..as some other techs are doing a rally..and could pull her up some.. with her large negitve PE, I don't see how the fumb dumbs haven't bailed yet..let some bad news come out of the fed..in two weeks an this whole tech sector will correct big time, just a hint up intrest rates going up will panic it.. jim

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