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Technology Stocks : America On-Line (AOL)
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To: Aljorma who wrote (9310)4/4/1999 3:06:00 PM
From: Jenne  Read Replies (1) of 41369
 

"AOL is under substantial accumulation by institutions.Volume
corroborates this. We've been pounding the table that AOL
is the safest and most profitable of the Internet plays,
and index funds need to buy them to accurately reflect the
indexes. The funds that waited for the pullback when the
announcement first came in January never got it, and were
left at the starting line as the price doubled over the
next 90 days -- big miscalculation. They won't take that
chance again. AOL's earnings are April 27. Again, they
are a slit candidate at the $120 and above level. A 2:1
will require a shareholder vote, but there won't be many
objecting. A 3:2 would not require shareholder approval.
AOL Technical chart looks strong. Just remember, nothing
moves in a straight line. So protect those huge profits
with stops and enjoy the ride.

Wit Capital initiated a "buy" rating on AOL which may have
helped shake off concern over a Wall Street Journal article
that described the potential threat to AOL's earnings
results if AOL is forced to alter the way it has accounted
for its acquisition of Netscape (Reuters). Investors
warmly greeted Sun's participation with AOL's Netscape
division to develop a new browser and e-commerce solutions
too."
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