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: AAC who wrote (8747)	3/11/1998 1:38:00 AM
From: PAL	Read Replies (2) of 13594

Lots of hedge-fund managers say they are lining up to sell shares of Internet stocks short, betting on a decline in their price, because of the stratospheric valuations they have taken on lately Check with your broker if they have 1,000 shares of AOL available for shorting. If none is available, buy some put since the slide is starting. In addition to AOL, get ready to buy puts for YAHOO and AMAZON. Not everyone buys the idea that Internet companies benefit from a price war. One hedge-fund manager says, "It's like saying General Motors and Chrysler are running promotions, so billboard advertisers will do better. It doesn't make any sense." Wonder if he works for George Soros? The high for AOL has been tested and it was the resistance level. TO ALL AOL SHORTS: DO NOT COVER. The slide should start this week and accelerate after the split. AOL will take cue from DELL.

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