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Technology Stocks : America On-Line: will it survive ...?
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To: sam who wrote (8217)2/24/1998 4:28:00 PM
From: J.S.  Read Replies (1) of 13594
 
Sam (small case)

You are right. As for large case Sam, it doesn't matter too much
at what price you short AOL. It will lose more than 75% of its value
in due time. It wont go to zero but probably go back to about $200
a customer which is more than generous. Remember the loss of ANS,
the dilution by options and convertible REG S debt (converting at
104) and the coming competition.

Joe
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