Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who wrote (2770)	2/11/1998 9:35:00 PM
From: Bill Wexler	Read Replies (3) of 18691

I think AOL should no longer be shorted. in fact I think it would now be wiser to go long. Don't take this as a "throwing in the towel" remark. I really believe that there is a fundamental shift occurring....and AOL - in its own way - is developing a monopoly. I believe that the investors who were willing to pay 80 90 and 100 for the future cash flow were turning backflips over the last earnings report. paying a bit more (percentage wise at 110 and 120) isn't really going to bother them. Message 3395866 I think that after the split, AOL will remain strong, and barring any severe market breaks - will probably easily trade between 65 and 75 (130 - 150 pre-split). If you strongly disagree, then you may want to consider limiting your risk by buying puts instead of shorting.

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