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Technology Stocks : America On-Line: will it survive ...?
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To: Todd Daniels who wrote (3400)6/11/1997 2:26:00 PM
From: James F. Hopkins   of 13594
 
Hi Todd: I think we are saying the same thing, AOL selling off ANS
is like a guy selling his used car to pay off his credit cards,
thing is the he got a lone on the used car, and so after the sale
he still wont have much left. But that's not what the AOL bulls
will look at, they will see what they want to see..and it will
look like a good deal so they may pour more money in for the
sharks to feed on. <G>
ANS is worth "maybe" as much as PSIX..but lot's of warrents been
let out on ANS..if they spin it off for the sake of thoes warrent holders, the new buyers of ANS will get shafted too..
This may someday go down in history as the biggest internet scam
of all time..the Bre-x of the internet..but it could get as over
valued as Bre-x did before the truth comes out, I have no idea
now of how long they can continue to pull the wool over the
investors eyes, my short play at this time was based mostly on the
profit taking factor and her history of it..but my timing appears
to be off this time,, so heck maybe they can take her back to 70,
and I suppose all the bulls think they will be able to get out
if she falls, but a lot of horns will get bent in that rush, and
stop loss oders will be stacked a mile high..and the little guys
will get stoped out alright but way below their trigger point..
but when , I wish I knew.
Jim
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