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

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To: Michael Burry who wrote (677)11/22/1996 5:48:00 PM
From: Brian K Crawford   of 13594
 
It appears some short covering is under way today. +4 points. Maybe a little panic long buying, too. The eps won't be here for a few more quarters, but the market today is believing that the subscriber growth is going to accelerate.

Did everybody catch the favorable comments in 11/18/96 Barron's from Paul Wick (Seligman Comms and Info Fund) and Chip Morris (T Rowe Sci + Tech Fund). Both are accumulating.

Fidelity selling may be over.

There were 25 Million shares short as of latest NYSE short report.

IMO we have seen the bottom.

...Even if it is slower than [insert your favorite] as an ISP....

Good luck to all. I am long and unhip @aol.com

Brian

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