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


To: Gary R. Owens who wrote (10703)6/29/1998 6:42:00 PM
From: Bill Wexler  Respond to of 18691
 
Yeow. Hmmmm... My guess is that AOL will now open slightly lower tomorrow and then finish up +8 when thay announce that a buyer for the block has been found. :^D



To: Gary R. Owens who wrote (10703)6/29/1998 10:31:00 PM
From: Roger A. Babb  Read Replies (2) | Respond to of 18691
 
Gary, all of the Internet stars plus DELL can be expected to be selling additional shares very soon. Their cash reserves are very small compared to their market cap so it is only logical to try and cash in some of the market cap. Don't expect splits, expect secondaries and block sales. AMZN will probably follow AOL's lead. The sad part is that investors today don't understand dilution so the price may not fall much.