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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Don Westermeyer who wrote (6819)11/11/1997 5:41:00 PM
From: Eric Klein  Respond to of 9285
 
AOL dropped in after hours trading on announcment of $300 Mil convertible debt offering. The speculation is that this is dilutive to AOL and will cause a big fall tomorrow.

I wouldn't be surprised to see this affect YHOO (even though it has no material effect on YHOO) just by contagion. YHOO is so ridiculously high, any small thing could send it tummmmbbbbbling.