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Technology Stocks : America On-Line: will it survive ...?
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To: Brent D. Beal who wrote (6337)12/11/1997 11:38:00 AM
From: IKM   of 13594
 
As everyone here knows, I can't time worth beans, but I can't imagine the internet stocks remaining immune to a contraction of multiples if the market and specifically the tech sector corrects. Case is ballyhooing the international subscribers, which implies that much of the growth of AOL is expected to come from overseas. But the promoters of this stock insist that AOL will be unaffected by the Asian contagion. What am I missing? (besides half a brain?)

The big jump of AOL, given the quantity in a very short time, tells me that a single institution made a very big buy. There was little room for the momentum players to jump on. Will it keep climbing, or is someone still trying to prop the price?
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