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Technology Stocks : America On-Line (AOL)
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To: billkirn who wrote (16039)5/9/1999 6:30:00 AM
From: sam  Read Replies (1) of 41369
 
Bill: I too held AGPH through Tiger Management's stranglehold. Yes, it was very painful and quite frustrating. One difference is that "internet stocks" are still on many "radar screens." Meaning there are still lots and lots who will jump on the opportunity to get in. Not everyone has their fill of these stocks. With AGPH, they had just received FDA approval and were undergoing a transition from drug developer to pharm sales. All this occurred at a time when biotechs were entirely out of favor. Plus, AGPH had 30 million shares outstanding. It was far easier to "manipulate." it would be tough for anyone to have that kind of effect on a billion share company. Of course, it should also be noted that AGPH did come back and was purchased by Warner Lambert at about its all-time high.
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