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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: American Spirit who wrote (50993)7/16/1999 6:36:00 PM
From: Tradelite  Read Replies (1) of 120523
 
American Spirit re: AOL
A mutual fund watchdog on local business radio said this afternoon that two huge funds (didn't pay attention to which ones) had just dumped ALL of their AOL holdings in the past few days, and this was having an effect on the price. Said this pressure should resolve itself soon. My thought is that there's no telling how many other funds might be doing the same thing, after preaching so often on CNBC that "you gotta own AOL."
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