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Technology Stocks : America On-Line: will it survive ...?
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To: Hawk who wrote (3214)5/23/1997 3:19:00 PM
From: john   of 13594
 
>How long can they keep taking this one
up.<

Never underestimate the willingness of underwriters in pursuit of juicy fees to lie, cheat, and steal. I don't see this latest bubble in AOL bursting until either 1) the market makes another correction or 2) AOL is forced to report lower suscriber numbers, which you know they will avoid doing for at least a year until it has actually happened. Stevie's sale of 100,000 shares doesn't even seem to disturb the market. How fabulously wealthy does he feel he has to become before he starts to tell the truth. Anyway, I say if you are going to do the puts, be prepared to roll them for months on end. I will try to go short and be patient. Has anyone been able to borrow shares at Fidelity, Brown, or Quick & Reilly over the last few weeks? Thanks.
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