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Technology Stocks : America On-Line: will it survive ...?
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To: yard_man who wrote (2380)3/12/1997 9:36:00 AM
From: Joel Sternberg   of 13594
 
>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<

Barry, I like what your saying, but I think it is worth clarifying one point. There have rarely been true squeezes on AOL. Rarely has anyone been forced to cover. Rather, shorts are 1) overexposing themselves and getting nervous whenever the stock spikes 2) paying too much attention to charts and thus creating self-fulfilling prophecies. If shorts would just short a little at a time and add to their positions when the stock spikes, AOL would only be able to rally on REAL positive news, of which there really has been little.
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