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

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To: yard_man who wrote (2463)3/18/1997 6:13:00 PM
From: James F. Hopkins   of 13594
 
Hi Barry: Well she came back strong yesterday after noon, BUT that
must have been shorts covering..looked like one short player played
her today, volume fell off and she ticked down with no after noon
kick..last time I saw that she fell big time. No body has to cover
now..and if some one wants to sell some shares she could break
through 42 mark and flat sell off. That rebound yesterday looks like it may have been a false start..man from day to day you can't tell
what this stock will do..but she never holds price with out a lot
of volume..if volume is light tommorow I look for her to fall
more ..if volume starts off high she'l rebound..by 12 oclock..she
needs over 600,000 shares moved to go up...she did not get there
to 600,000 untill about 2:30 today..she just never seems to hold her
price on slow volume..that's why I think there are several short
sellers who play her , and they set bias to buy back more shares
with the profit than they sold..when they dump that accumulation she
will tank. Today it looks like they mostly took a day off, and with
them not pumping her you can see what the public thinks..down..down
down..
ALso with the recent news of more insiders filing to
sell..it could happen sooner than I expect, but I'm not going to bet
on it. My puts are out mostly out front now, have a few aprl..and
a few jly..but most in Jan.
Jim
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