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Technology Stocks : America On-Line: will it survive ...?
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To: Pancho Villa who wrote (8076)2/21/1998 9:14:00 PM
From: sam  Read Replies (1) of 13594
 
Actually, I think u have a better, than 80% chance of being right. Soros Fund Management has a history of playing momentum stocks both ways -- for major moves. Right now they're squeezing the shorts, but now that the cat's out of the bag they may change their plan. Could mean they continue to squeeze longer than normal. Could mean they do an about face right away. Who knows. They have enough money invested (about 1% of the float) to move the market any way they want. Fundamentals are meaningless when the "smart" money wants to move a stock. Good luck.
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