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Technology Stocks : America On-Line (AOL)
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To: Annette who wrote (37034)1/11/2000 1:32:00 AM
From: Dr. David Gleitman  Read Replies (4) of 41369
 
Good morning Annette:

First of all I should say that I sold out of my position towards the end of the day at 71 5/16. I do have regrets about selling my position especially since I have seen the aftermarket rebound right after I have sold my position. I am also seeing 80 at the close of the aftermarket. Watching AOL rise to ascension at about 6 a.m. and withdrawing down in value for the remainder of the day with the exception of the aftermarket, I was concerned that the arbitrage factor would bring AOL even further down. what is ironic is the fact that we were all concerned about broadband and the specific lack of it in regards to AOL. We were all initially cheering at the prospect of some deal with AT&T and other cable operators. Now it seems that AOL not only bought the milk, it bought the cow and the entire farm. Long-term it appears that there will be a blurring of television, telephone, cable, Internet and all forms of communication and commerce as we know it. This does seem to be the right move although I was not thrilled about the financial arrangements. One thing that I did notice after the market was closed was based upon one of the Web sites it appears that about 95 percent of the trades involved with AOL was institutional. As a believer in organized conspiracy, can it be that this downdraft in AOL today be a ploy to bring down the price of AOL so that it can be scooped up by the financial houses at a steep discount rate?

Just a theory.

Best of luck to everyone. If AOL does open at 80 tomorrow morning, please shoot me.

David (I hope your a lousy shot <g>.
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