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Technology Stocks : America On-Line: will it survive ...? -- Ignore unavailable to you. Want to Upgrade?

To: The Duke who wrote (5808)	11/12/1997 10:00:00 AM
From: Bexar	Read Replies (1) \| Respond to of 13594

>>>representing a conversion premium of 40% over yesterday's closing price.<<< 40% ? Isn't this a tad high? I guess they really are throwing the investors away.

To: The Duke who wrote (5808)	11/12/1997 10:03:00 AM
From: vegetarian	Read Replies (4) \| Respond to of 13594

What kind of suckers have fallen for this piece of paper?(Can I get their addresses? ;-)) 4% coupon rate and conversion price of $104, very interesting. A sucker buying this has to beleive -AOL will be worth $104 in near future -accept a low 4% rate (bonds have higher about 6%) for this conversion privilege No! i don't have much sympathy for such speculators unfortunately. Is the short covering holding it from going further down?