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Technology Stocks : America On-Line: will it survive ...?
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To: Sam Citron who wrote (354)10/15/1996 4:54:00 PM
From: Bharat Bhatia   of 13594
 
Sam, my guess is it was a big squeeze resulting in manic short covering. The frenzy just fed into itself. AOL bulls must have been frustrated at the swift price descent and the funds must have orchestrated an intentional squeeze. I am still in shock at the 3 point rise. The fundamentals haven't changed; guess must be due to
options week. Amazing, how things can change intraday. Normally, a stock would rise this much if there has been an upgrade. I am not aware of any news.

Bharat
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