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

To: Pancho Villa who wrote (8145)	2/23/1998 7:11:00 PM
From: Tim Kenney	Read Replies (2) \| Respond to of 13594

>Why don't you also write one [or one of your friends at Barron's] on why/how is AOL tampering with their SEC fillings in items such as revenue recognition, capitalization of costs, changes in accounting principles conviniently started in 1/98 but will be retroactive to 7/97, and more.< Pancho, it really doesn't matter what journalists say about AOL. Wall Street has just too much of a vested interest to let reality interfere with their profits. The big boys are showing companies considering initial and secondary offerings what they can do for them with their bogus recommendations and reiterations. With so many novice investors and momentum players out there these days, we shorts are just fodder for chewing and spitting. I'll stick with my lousy 200 share short position in AOL forever if I have to, but I have been beaten into submission and no longer have the guts to short AOL anymore. (Thank God, since it has saved me lots of money.) Furthermore, AOL controls the news flow on the company, in addition to the books and the subscriber numbers, and investors foolishly believe whatever nonsense companies dish up these days. All companies have to do these days is to invoke the safe harbor provisions and they are fairly immune from prosecution.