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


To: Sowbug who wrote (7514)2/11/1998 12:21:00 AM
From: scott bolio  Read Replies (1) | Respond to of 13594
 
It just amazes me that so many "smart people" on Wall Street can be this blind. The best story today was the boys from NB Montgomery upgrading AOL from a hold to a buy. Whats with that??



To: Sowbug who wrote (7514)2/11/1998 12:25:00 AM
From: PAL  Read Replies (1) | Respond to of 13594
 
AOL probably does not think the results of 2Q is to crow about. Therefore it needs to announce the 2:1 split to compensate the mediocre performance. The following is from Briefing.Com

... AOL posted a gain of $0.17, one penny above estimates... While not all that bullish given recent gains, look for stock to get a boost
from announcement of a 2-for-1 stock split... AOL ended a volatile day Tuesday, down 1 7/16.


I happen to believe that tomorrow AOL will be down. Afterall cool heads will prevail.