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

To: Stephen who wrote (9111)	3/30/1998 11:59:00 AM
From: PAL	Respond to of 13594

Stephen, institutions hold 70% of AOL shares. They should be holding the shares until quarter-end to show their savvy in stock picking. Only a small percentage of shares are bought for new position in late March for the purpose of window dressing. Funds already heavily invested in AOL probably will not add to their position. Just look at the volume last Friday. Only slightly over half the average daily volumes. The suckers are small investors who are buying at the end of the rally. If you look at last Friday's closing at the high of the day 69 and on an uptick, you would think that AOL would go to the 70's. As of this posting AOL has not reached that 70 level. I still anticipate funds to start reducing their AOL holdings come April. One thing seems to work againts AOL and that is YAHOO. PAL