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Technology Stocks : America On-Line: will it survive ...?
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To: grogger who wrote (105)9/9/1996 1:21:00 AM
From: Stratajema   of 13594
 
I read about AOL's plans to change their pricing strategy at www.cnet.com which seems to me to be a reliable journalistic source. In the twisted logic of Wall Street the stock could move in any direction when AOL formally announces the change. I thought the stock price might spike up BRIEFLY to force out the shorts, but such a rise would be dangerously short-lived in my opinion for people to play this stock long. Seems the short squeezes are rampant these days which historically is ONE of the signs of a market top. There is no reason a short squeeze couldn't happen here even though it defies sensible logic. In my opinion, this makes predicting this stock's future price movement from historical graphs and charts totally unreliable.

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