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Technology Stocks : America On-Line: will it survive ...?

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To: Brent D. Beal who wrote (4601)8/26/1997 1:12:00 PM
From: Brent D. Beal   of 13594
 
I see AOL is trading well, I expect it to finish around 65-66. Light volume, which has got to make those money managers anxious to get out of this things a little nervous. They know it's a house of cards, so right now they're playing a game chicken as they each wait hoping the problems will go away while hoping others won't cash out. I expect this thing to fester a little more, a point or so a day with little blips of sucker buying, for the next week or so before the mad rush to the exits kicks in. Who knows? This stock may stay in the 60s another week before it nose dives.
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