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

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To: jack rand who wrote (10497)6/30/1998 1:14:00 AM
From: Kerry Phineas   of 13594
 
Jack, I don't think the block trade is related to the convertible. Imo, the timing is definitely very suspect for the secondary, but they'll get away with it because nobody is willing to look the gift horse in the mouth, to see the emperor has no clothes; otoh, counting chickens before they hatch is a biggie. I'm sure a lot of smart money is getting out now; of course that doesn't mean a crash is imminent.
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