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: Tim Kenney who wrote (5898)	11/13/1997 2:20:00 PM
From: Franco Battista	of 13594

I shorted at 59$ many months ago and managed to cost average my short up to a little over 81$. It's been painful to watch it go to 91$ on no fundamentals, only analyst hyping. I'm hoping some institutions are getting killed now. There has been distribution on this stock for the past month. The recent new hype job as the price continued to drop was a strong indication to me that more institutions were exiting. The ride down is just beginning IMO, there will be some fake rallies along the way, but I'm hanging in for 40$. AOL must be the most hated stock on SI, if it is not the analysts hyping it up, then it is AOL's PR deptartment hyping away. They've been accused of misleading accounting. I'm going to enjoy this ride! I'm sure you will too!

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