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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Tom Hua who wrote (5594)3/26/1998 10:54:00 PM
From: Kailash  Read Replies (1) of 18691
 
Insider selling -

"America Online Inc.'s chief executive, Steve Case, recently sold 500,000 shares in a move partly related to his recently finalized divorce, said people familiar with the situation."

That's around forty million dollars. Is the ex-wife still available?
If management is pulling out, we're entering the gambling zone. The question now is whether the blowoff will come this spring, perhaps already in the next three weeks, or be extended for another couple of years. I'm waiting for AMZN, AOL, and YHOO to spurt some twenty points before they fall, to form a clear top, but it may be more prudent to short now.

Kailash
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