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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Dr. David Gleitman who wrote (32356)	10/7/1999 3:45:00 AM
From: puborectalis	Respond to of 41369

Who's kidding who!...Hindery did not return phone calls, but a spokesman said his departure was in no way linked to talks about Excite At Home's future.

To: Dr. David Gleitman who wrote (32356)	10/7/1999 7:28:00 AM
From: Marvin Mansky	Read Replies (1) \| Respond to of 41369

Dr. G. How are you? It's been a while since I've seen you on this thread. I don't profess to know the answer to the options question, however, you know as well as I that big holders of any stock have sway in stock prices. Is it manipulation? Sure it is. Is it illegal? probably not. I have confidence that BIG BROTHER is watching us all and the unscrupulous among us will soon be found out. I am glad you stuck with AOL. As I mentioned when AOL dropped to the 80's, approaching X-MAs will be huge for AOL due to E-Commerce. What was nice too, was that they BLUNTED the other problems which brought the stock price down with it. I just heard that Goldman Sachs new tech fund is including AOL as one of several top picks, including SUNW, CSCO and ORCL as well as T and IBM. Good luck.

To: Dr. David Gleitman who wrote (32356)	10/7/1999 10:45:00 AM
From: D.J.Smyth	Respond to of 41369

Buffett stated he became wealthy by "buying the inevitables". IF AOL DOESN'T QUANTIFY AS AN INEVITABLE, WHAT DOES? We'll always have plenty of options, but only one AOL.

To: Dr. David Gleitman who wrote (32356)	10/7/1999 12:32:00 PM
From: IceShark	Respond to of 41369

Now I don't know/understand how MM can "control/manipulate" share valuation especially before options expiration, Well, MMs can manage to move the equity price through various methods, but AOL is a NYSE stock which makes it more difficult. Large players could influence the price with well placed trades especially if they can cause follow me trades by others. But with respect to options, they will influence the price as they are closed out. Many pros that sell the options, hedge with buying the equity long or shorting it - all they are interested in is capturing the premium. So as the options are closed out the writers sell the equity (for calls) or buy it to cover a short (for puts). This can move the stock, holding everything else constant.