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Technology Stocks : America On-Line: will it survive ...?
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To: James F. Hopkins who wrote (2373)3/12/1997 8:20:00 AM
From: yard_man   of 13594
 
I agree, but some are still greedy even though they've made money on this dog. They know it's not worth 20 or 15 a share, but they've made money and they want the most they can get before bailing. I'm personally very interested in finding out what's been happening to the short interest lately. When some get squeezed, are onther lining up to take their place? If so, this stock could continue to rise from here. I think some of the fund managers are well aware of how many people realize that there's no value here and are trying to capitalize on this negative sentiment -- engineering the squeeze. Obviously, there's a limit to how long that can go on, but for the short term it's a way for fund managers to make moolah off a worthless co. with very poor long term fundamentals. I'm waiting for the mid-50's before I take another swing.

Barry
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