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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Roger A. Babb who wrote (2770)2/11/1998 8:58:00 PM
From: tekgk  Respond to of 18691
 
I was going to short at least a couple of thousand shares at the time and build a large short position from there over the course of a few months or until it crashed. Thanks again! I think I'll wait until the split before I go after this one - this insane run up on a company that has admitted accounting problems baffles me - new era thinking I guess.



To: Roger A. Babb who wrote (2770)2/11/1998 9:35:00 PM
From: Bill Wexler  Read Replies (3) | Respond to of 18691
 
I think AOL should no longer be shorted. in fact I think it would now be wiser to go long.

Don't take this as a "throwing in the towel" remark. I really believe that there is a fundamental shift occurring....and AOL - in its own way - is developing a monopoly.

I believe that the investors who were willing to pay 80 90 and 100 for the future cash flow were turning backflips over the last earnings report. paying a bit more (percentage wise at 110 and 120) isn't really going to bother them.

Message 3395866

I think that after the split, AOL will remain strong, and barring any severe market breaks - will probably easily trade between 65 and 75 (130 - 150 pre-split).

If you strongly disagree, then you may want to consider limiting your risk by buying puts instead of shorting.