America On-Line: will it survive ...? Message Board

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

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To: Balanageswaran Angappa Chetty who wrote (1971)	2/26/1997 7:30:00 PM
From: david andrew phelan	of 13594

Chetty, i have no position in aol right now. i have been very patiently waiting to get in with a decent short position. i believe this stock is very dangerous. just when you think its ready to dive the damn thing runs up 5 points in afew days. by all rights it should be 10 bucks right now. hell the book value is below 2 bucks. this thing is pure vapor and anyone long on it must either have one hell of a crystal ball or have additional info than the rest of us or have the biggest raging bull balls you ever seen. my fear is that somehow the mms will pull off a short squeeze where the institutions who must be itching to get the hell out will be able to exit leaving the stock finally to the wolves. all it will take is for a few more news releases to keep it going for a few more days then we're there. this would be wonderful to watch providing you are on the sidelines like me. im looking for such a scenario however unlikely in order to establish a short position in the high 40s or 50s. the bears are on the money with this evil stock, imho. dp aka 'the biggest baddest bear'

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