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

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To: Sam who wrote (8214)2/24/1998 4:19:00 PM
From: sam  Read Replies (1) of 13594
 
My guess is that it isn't the shorts who are jumping in here. It is the funds who bought in the 40s and 50s taking money off the table. Let's face it, it's their trading that moves the price -- not yours and mine. No doubt some of the momentum players will try to swing this thing both ways over the next few weeks. And who knows where they will take it. 150 for the split? Maybe 105 (lots of options trading at that price). Good luck to longs and shorts.
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