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Technology Stocks : America On-Line: will it survive ...?

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To: craig who wrote (5687)11/7/1997 10:55:00 PM
From: Investor-ex!  Read Replies (1) of 13594
 
craig,

IMHO, the underwriters, investment banks, et al that recommend this stock at this level have a lot of inventory to liquidate, either from their own accounts or for their clients' accounts. I anticipate a more or less sideways pattern for while at this level, unless of course AOL manages to shoot its entire left leg off or the market starts to tank, neither of which are beyond the realm of likely probabilities.
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