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

To: Brent D. Beal who wrote (6776)	1/9/1998 6:14:00 PM
From: Sowbug	Respond to of 13594

To any experienced traders out there: Is there conventional wisdom about how to trade stock splits? There seem to be several phases: 1. No split foreseen in the near future. 2. Rumored split, because of historical splits at the current price. 3. Very likely split, because of filings (we're here now with AOL). 4. Officially announced split & setting of record date. 5. Period between record date and split date. 6. Day of split. 7. Days following split. 8. Weeks following split. ... and then back up to #1. Would someone be so kind as to summarize his or her experience in trading (short/long positions) during these phases, and/or to add additional phases that I've missed? I'm interested in day/position trading advice, but probably other readers wouldn't mind longer-term wisdom. Thanks.

To: Brent D. Beal who wrote (6776)	1/9/1998 6:55:00 PM
From: Steve Robinett	Respond to of 13594

Brent, I obviously agree with most of the bearish arguments in your AOL tome. The runup ahead of earnings does show that time and time again people get thinking AOL is going to hit a home run--some day that long-promised big money just has to materialize, doesn't it? This quarter we'll have split rumors, Wall Street's positive hype and earnings hype. AOL hasn't split since '95, when it split twice, roughly coincident with earnings. The ride should be interesting. Best, -Steve BTW, some friends of mine in a small Nebraska town signed up for a local ISP at $9.95/mo all-you-can-eat. That wasn't an introductory rate but their normal charge. The competition heats up.

To: Brent D. Beal who wrote (6776)	1/10/1998 2:27:00 PM
From: Eric Klein	Read Replies (1) \| Respond to of 13594

Brent, I was giving my sister advice on how to get online (mostly for e-mail), and I told her to avoid AOL. She asked me why, and before I could answer, my 70 year old mother said, and I quote: "Because America Online is broken half the time". Now this is anecdotal, I admit, but still telling. My mother does have an e-mail account at work (yes, she still works), but that is the only connection to the cyber world that she has. IMO, AOL does not have a good reputation with the public.