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Technology Stocks : America On-Line: will it survive ...?
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To: Glenn D. Rudolph who wrote (9106)3/29/1998 9:15:00 PM
From: PAL  Read Replies (2) of 13594
 
Glenn, last Friday's increase was made with relatively low volume, which is a good sign (i.e. 2.4M shares vs the average of 4.2M shares). Seventy percent of AOL shares ore owned by institutions. There is windown dressing for the end of first quarter March 31. Mutual Funds would like to show in their books that they have winners. Come April I anticipate that they will start locking in profits hence they will start unloading the AOL holdings. It seems that small investors are drawn by the "No Miss Opportunity" since AOL kept going up. Remember when gold kept rising and people kept buying pushing it to $850/oz? Seems that come Friday the stock will be lower than last Friday. No stock grows to the sky.
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