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Technology Stocks : America On-Line: will it survive ...?
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To: Franco Battista who wrote (5893)11/13/1997 12:56:00 PM
From: Tim Kenney  Read Replies (2) of 13594
 
>I would think the debenture is already sold by now. From my understanding this is not like a secondary
where it must be announced well in advance. Goldman probably had clients already lined up prior to the
announcement. I'd be very surprised to see Goldman try to support the stock price, especially since it
seems from the tape action that some institutions are selling into any strength.<

I know that Goldman was still trying to sell as of Tuesday evening. They may still try to support the price, so as not to get their customers too ticked off. Regardless, it is great to be an AOL bear on a day like today. I am straight short, so am benefiting from this move dollar for dollar.
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