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Technology Stocks : America On-Line: will it survive ...?
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To: BillyJoe McCallister who wrote (2045)2/28/1997 11:16:00 PM
From: James F. Hopkins   of 13594
 
Hi Vincent: Wife is doing A OK, right on the drop..it was corrected
after to not show from the NYSE feed..so some peoplec missed it,
and it becomes a non event..but she did slip to 34-5/8 for a min
----------------------------
Did you read my earlyer post about the volume being shadow volume
and the price is articicial, how long they can prop it up is
beyound me..they are skiming via the short sell game..likley
the underwriters involved..most of what we see is shorts,
selling to other shorts who never take possesion of the stock,
they have more borrowed shares out than real float.
Any time some one wants to exit the stock..the price drops
it will be intersting to see what it does when they try to
sell the public all thoes extra shares they did a shelf registration
on, when the shorts are not playing this thing volume drops almost
to zero..did you notice how the volume fell off after 1:30,
some shorts may have closed out their hands..and the closing price
looked strange on the chart , ( like it was fixed )
I'm holding puts, but would not short the stock, ( unless youn have
calls to cover your rear ) as the players who got here first have
a big advantage with shorting, and if you can't call the stock
youn could get squezzed..they can run it up, in fact they have
it run up now..
Jim
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