America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: Cosmo Daisey who wrote (331)	12/30/1998 1:57:00 PM
From: Chuzzlewit	Read Replies (2) of 41369

Cosmo, I was unaware that AOL continues to trade on the NASDQ. By the tone of your post, you seem to subscribe to the manipulation theory of stock price movement, can you please show me using numbers how it is possible for anybody to do this profitably, given the extremely limited possibilities for arbitrage due to the existence of the NYSE specialist. I believe that something quite different happened. I think a bunch of momentum guys jumped on the stock last week in anticipation of the inclusion of AOL in the S&P 500, and then started on Monday They are continuing to dump their shares today. End of story. No weak hands, no MMs moving markets, no manipulation, and no "purpose". "We have met the enemy and they are us." Pogo TTFN, CTC

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