Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: vegetarian who wrote (6156)	12/3/1997 3:03:00 PM
From: John Kratus	Read Replies (1) \| Respond to of 13594

After Wall Street promoted AOL so heavily to institutions, it couldn't allow AOL's stock price to wither. So we have reiterated buy after reiterated buy, all the while raising target prices. A few weeks ago when AOL had the sharp breakdown, I noted that analysts were still pumping the stock. I knew then that institutions, who I suspect had been heavy sellers in the drop, had more stock to sell. Wall Street needed to bail them out, so here we are at 80 again. I predict that the stock is being set up for another dramatic drop, perhaps when the next e-mail problem occurs. Let's see what happens when this $80 stock fails to make $0.17 this quarter. John