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Technology Stocks : AOL, now I get it
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To: Linda Weekley who wrote (344)1/25/1997 9:12:00 AM
From: K.J.Devine   of 496
 
Linda

That was a good short-term move. AOL is now under the most pressure they have ever seen in their company history. Company's like indivduals get better when the pressure is on. They will get better and maybe in March when the stock is between $25.00 and $32.00 a share you can buy back in and make your loss back. Even short sellers like myself know the stock will come back.

I may even look at some longs once the bottom is reached. It's not there yet and the preception grows worst everday and people are mad. Aways sell on bad public preception (When the stock is in a price range that is high for it's earnings). When this happens the only thing the company has is it's public image. Well AOL does not even have that. It will take time for AOL to see the $40's again.


Actually, when all is said and done AOL may even be stronger. They have and continue to learn a lot from their errors. Now they need to better their public image before they are sued, by granting refunds. If this does not occur and AOL goes to court the stock could tumble too $10.00 to $15.00 per share. Every lawyer in the U.S. and attorney general will tell you that AOL will and does not have a foot to stand on. The legal fees alone will impact this firms earnings so badly that I strongly believe they will get bought out by someone at between $25.00 and $15.00 a share. Any buyout firm is waiting for the fall. however, I think AOL Management will fight off the attacks and move towards making things right from a public preception standpoint.

Also, 9% loss is not bad at all, you have tons of investors who invested in this stock at $50.00 thinking the stock was going to split. Watch the stock and buy again when it hit's it low.

Good Luck

K.J.Devine
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