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

To: Alec Epting who wrote (6908)	1/20/1998 7:29:00 PM
From: Rocky Reid	Respond to of 13594

>>Why not wait another quarter and get another 25 or 30%? If it were just one officer, you could say he needed to buy a house, but with so many filing to sell, it makes you wonder.<< Many corporate executives are under contract not to sell their shares before a given date. Perhaps this date has passed recently, and this is the first time they have been able to exercise their options and shares. Those brand new Lincoln Continentals sure look good, and better get that swimming pool dug up and running before the Spring sets in. The kids would never forgive missing out on a single day of good swimming weather.

To: Alec Epting who wrote (6908)	1/20/1998 9:47:00 PM
From: steve lipson	Read Replies (3) \| Respond to of 13594

If I had a dollar for every time some AOL bear has cited these almost trivial levels of insider sales as evidence that the jig was up for this stock... Oh, as a matter of fact, I guess I do thanks to my profits holding the stock. Your classic bear warning sign is when the stock makes a new low and insider sales continue unabated or even accelerate. The recent sales you cite are comparable to the levels we saw five or six months ago (and $30 to $40 a share ago) reflecting prudent, periodic stock sales that represent a tiny percentage of the total holdings insiders could sell.