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Technology Stocks : America On-Line (AOL)
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To: Vendit™ who wrote (31665)9/27/1999 9:07:00 PM
From: Gold Beach  Read Replies (1) of 41369
 
Vendit:
<latest AOL run started with a press release that stated MSFT was raising it's monthly ISP rates by $2 per month>

As I recall AOL and some other Internet stocks began to move up before the MSFT announcement. A couple of days after this initial run up, Merrill Lynch announced their HHH Internet fund. I think they had been buying up some Internet stocks before then and AOL was the largest entry.
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