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

To: steve lipson who wrote (6884)	1/20/1998 10:26:00 AM
From: Rocky Reid	Read Replies (2) \| Respond to of 13594

>>If I were an entrepreneur like Dines I would look for any excuse to mention AOL and IOM, simply because the products/stocks are popular with some significant audience groups.<< Popular? With the general public, yes. But with Market Insiders, AOL is beloved and IOM is dogmeat. AOL stock is now trading on volume at 94 3/4, its all-time high. IOM split its stock at a ridiculously low price of $24 recently, and volume has dried up. There is just no interest in that stock --especially from Mutual Funds. It's the Mutual Funds who are driving up the price as they accumulate well past the 70% Institutional Ownership that AOL now enjoys. IOM is trading 60% down from its all-time high on insignificant volume. Its Institutional Ownership hovers around 15%. I would hardly call it popular. More like the smelly geeky kid with a sty in his eye sitting alone in the dark at the Junior Prom.