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


To: J. P. who wrote (8447)3/4/1998 10:59:00 AM
From: sam  Read Replies (1) | Respond to of 13594
 
Thanks, now I feel much safer.



To: J. P. who wrote (8447)3/4/1998 11:16:00 AM
From: Paul Merriwether  Read Replies (1) | Respond to of 13594
 
<<ack and all, don't worry about Steve Case selling his shares.

The man just took 60 million dollars off the table. He's going
to be very wealthy forever now.
>>
He probably sold his shares to the happless shorts(covering). :)



To: J. P. who wrote (8447)3/4/1998 1:22:00 PM
From: Harry Larson  Read Replies (1) | Respond to of 13594
 
Meanwhile, this guy in poo-poohing the sales, inadvertantly
revealed that his firm slashed its stake 50% in the past 2 months....

03/03/98 AOL's CEO Case Sells 15% of Stake: Insider Focus
Dulles, Virginia, March 3 (Bloomberg) -- America Online Inc.
''If Bob (Pittman) were selling that much stock, that would
be a signal to watch out because he's the major management
figure,'' said Ned Brines, an analyst at Roger Engemann &
Associates, which owns 200,000 AOL shares.

12/22/97 AOL Execs Sell as Stock Nears High: Insider Focus
Dulles, Virginia, Dec. 22 (Bloomberg) -- America Online Inc.
''It was just a drop in the bucket,'' said Ned Brines,
analyst at Roger Engemann & Associates Inc., which owns 400,000
shares of America Online.

By the way, AOL's proxy shows that Pittman's total "holdings" as
of 07/31/97 at 500,000 shares, of which only 20,000 are exercisable.



To: J. P. who wrote (8447)3/6/1998 4:15:00 PM
From: J. P.  Read Replies (1) | Respond to of 13594
 
Why didn't Steve Case wait until after today to sell his shares?

He sold 500K shares, had he waited 2 more days he would have
made about 7 points or so or 3.5 million more bucks.

This reinforces my belief that insider selling is a terrible indicator
of stock direction, as insiders can be bad market timers just
like me. So do you feel safer now?