America On-Line: will it survive ...? Message Board

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

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To: purecntry5 who wrote (6194)	12/5/1997 12:36:00 AM
From: Investor-ex!	of 13594

CB, Regarding the gap opening at 85+ this morning, one of my co-workers who knows I trade AOL came by this morning. He says, "Hey AOL is at 85!" I ask, "What's the news?" He says, "Oh, they're borrowing $200 million." This was his reason the stock was up -- he was dead serious! As a side note, the last time the "bull" analysts all came out with new and reiterated strong buys, the stock ran up quickly for several days and then tanked. I wonder if this a repeat. The specialists in this stock play it like a Stradivarius. Open it up nearly 4 points from the close on no positive news (in fact there was a very negative satisfaction survey released overnight) and distribute the rest of the day all the way down below yesterday's close. Also, the five day chart shows the pending "buy recommends" were probably front run. This stock is very much in the hands of the pros, though it kind of looks like they're trying to get rid of it. Participate at your own risk.

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