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

To: H James Morris who wrote (8451)	3/4/1998 11:58:00 AM
From: Bob Kimball	Respond to of 13594

Biggest problem being short is being right... too soon. Like I posted before, patience is key especially if you're under water. I'm still projecting a top no higher than 128, but (less likely to me) the top could have already come in. Either way, the first major stopping point on the down side will be between 92 and 100 and that train will run pretty fast once it leaves the station! Patience, patience. Hibernation aint so bad unless you're getting margin calls.

To: H James Morris who wrote (8451)	3/4/1998 12:12:00 PM
From: PAL	Read Replies (1) \| Respond to of 13594

Steve Case is a very smart man and he puts his money where his mouth is. Steve has repeatedly mentioned that the $ 2/mo increase is necessary to cover increasing costs, ands that will not filter to the bottom line. However analysts keep saying otherwise. In addition, Steve has a powerful and smart brother Daniel who heads H&Q. No doubt he would consult his brother before he decided to sell 500K shares. The chronology of the sale: Monday, 2/23/98: AOL reached an all time high: 125 Wed & Thu 2/25 ans 2/26: Steve and 5 other AOL insiders sold 676,365 shares. Sale price was not disclosed, but AOL share prices for those 2 days : High 124 Low 118. Mr Bob Gabele, president of CDA/Investnet, a database that tracks insider selling and buying said that Mr. Case sold 333,500 shares in all 1997. His current sale represents a liquidation of 39.6% of Steve's common stock and vested options. This figure is much higher than the 15% (by counting unvested stock option) mentioned by AOL's spokeperson. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Then as we can expect, analysts start to : - reiterate AOL "strong buy": Mr. Henry M Blodget, Internet analyst at CIBC Oppenheimer. "Mr Case is probably selling most of what he will sell this fiscal year, which ends in June", Mr Blodget said - "I remain very bullish on the (AOL) stock," said Mr Alan Braverman, Internet and new-media analyst at CS First Boston in New York', and he added that AOL is one of his top picks Good luck to all PAL -