America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: Frank Ellis Morris who wrote (21742)	6/13/1999 6:19:00 PM
From: Tom Tallant	Read Replies (2) of 41369

Frank, I enjoy reading your posts.They are thought provoking and reasoned. Here is what I'm trying to figure out. On Friday I saw no less than 5 large buy block trades between 3:15-3:45. The largest was for 600,000 shares at 100 1/2 - the smallest was for 25,000 at 99 7/8. What gets my attention is not so much the trades but the day and time of the trades. Some fund ( I presume it was a fund) invested over 60 million dollars on a late Friday afternoon when the 30 yr. bond was hitting at 17 month high. Don't get me wrong...I am more than aware that fund managers can be as wrong as anybody but I thought it was fascinating that they have that much "money were your mouth is" confidence in the stock at this critical juncture. Just a thought, and believe me...I haven't got a clue where we go from here short term and frankly I don't think TA is much use in this kind of environment but I fell comfortable that my long position will be worth much more by year end. Best Regards, Tom

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