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Technology Stocks : America On-Line (AOL)

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To: Steve Smith who wrote (15851)5/8/1999 9:13:00 AM
From: ChinuSFO  Read Replies (1) of 41369
 
<<I think the mutual funds/hedge funds have been the major catalysts for dramatically increasing AOL's stock prices over the last 2 years.>>

I think small investors like you and me played a large role increasing AOL's stock price for the last 2 years prior to AOL being included in the S&P. I guess there were some mutual funds along with small investors. However after the S&P inclusion, major funds started buying in at the beginning of this year. As a result, the stock price doubled in 3 months and fund managers offloaded. I guess they will start to load up again when AOL goes down between 100 to 110. AOL is still a good investment in the face of a good earnings report. So IMO, the fund managers would not hesitate to move in again when the stock price is attractive to them which I think is between 100 to 110.
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