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: the Druid who wrote (6952)	1/22/1998 5:30:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 13594

Druid; IF it's Amazing to you , then you better not trade her. I use to day trade this stock, and I know she can do what looks Amazing..but it's not amazing at all if you get into her, in some cases it's manipulation, more often it's Bokers who see how many shorts are out and what the stop loss average is, and know what point they can do a buy and how much it will take to trigger the stop losses, at which point they sell what they bought at a higher price to the shorts, via the stop losses, Then they take the over run and sell it short to the rest of the shorts being bought in. The Brokers are on top of the shorts but hold the best short positions..2/3rd of AOLs volume is not stock changing hands..it's one short shorting to another who is having to cover. This has been going on I know for over a year. Took me a while to catch onto it and AOL is not the only stock that has a lot of "ghost volume" ( The swapping of borrowed shares not real ones )..thats why I tell people shorting her is a suckers play, but they don't want to belive it. You know the Crammer that runs thesteet.com, he has lost tons of money shorting this stock, even admitted it last year..now he claims to be long..<bull> but I think he learned not to mess with one that's rigged. It took a while but last year I did get were I could read her signs and day trade her, but with the spread and commisions it was not enough profit for the time and effort it took. The amazing part is the artistic ablilty of the PR to run the scam for such a long period, and the ignorance of the sheep who actully belive she is going to be some future gold mine. She is at this time but only for the insiders , and brokers, sooner or later most of the mullets that do buy her at these prices will get caught holding an empty bag. There is no way AOL won't fall, but when is another story, and if I see it coming I'm not subject to tip any one off any more than I already have, I'l be to busy getting in my licks. Of course I may be looking elsewere and miss the tip off sign, as I've gotten into some other plays. I just visted back on this thread to see how many newbies it had brougt in. Amazing ! LOL, I think your trying to pull my leg <G> Now what would really be Amazing is if the insiders or CNBC were to ever tell the truth. Jim