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: steve lipson who wrote (6536)	12/19/1997 4:12:00 PM
From: Harry Larson	Read Replies (1) of 13594

>>Experienced investors recognized this,and you'll notice that >>they haven't panicked and raced for the exits If you read the tape and the 10 x 200-300 sizes with which it's been peppered lately, and the blocks, and the 13-D filings you'll see that large investors have been peeling off in classic strong-weak (instutitonal to retail) distribution. Fidelity has cut its stake 50%, Paul Zwick at the top performing Seligman Tech has bailed; even super bull Bill Miller who put 3m shares into his Legg-Mason funds has done some selling. 10% just by an AOL S3 shelf reg alone.

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