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Technology Stocks : America On-Line: will it survive ...?
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To: White Shoes who wrote (7591)2/11/1998 12:55:00 PM
From: RLM  Read Replies (1) of 13594
 
It is very hard to predict the top of any stock, but even harder to predict the top of a stock that is rising on speculation. It is a tough position for a short to be in. If you notice, most of the people on this thread are shorts, leaving me to believe that 90% of the buying is due to institutions. Noone in their right mind would buy a stock that has risen from 33 to 114 so fast, except for the people who can control the price with an upgrade here and a raised target price there. The institutions own 71% of this stock, and probably a higher percentage after the last run up. So they will not sell that easily, keeping the stock price up until they feel they want to take their profits.
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