AOL's first year of trading:
Date Volume High/Ask Low/Bid Close
-------- ---------- ---------- ---------- ----------
03/20/92...8,025,600 1 0 15/16 1
03/23/92...3,672,000 1 1/16 1 1 1/16
03/24/92... 4,846,400 1 1/8 0 15/16 1
03/25/92... 1,028,800 1 1 1
03/26/92... 2,054,400 1 0 15/16 0 15/16
03/27/92 ... 2,022,400 1 0 15/16 1
03/30/92 ... 852,800 1 0 15/16 1
03/31/92... 510,400 1 0 15/16 0 15/16
04/01/92 ... 896,000 1 0 15/16 0 15/16
04/02/92 ... 326,400 1 0 15/16 1
04/03/92 ... 1,028,800 1 0 15/16 0 15/16
04/06/92 ... 1,257,600 0 15/16 0 15/16 0 15/16
04/07/92 ... 1,236,800 0 15/16 0 15/16 0 15/16
04/08/92... 3,756,800 0 15/16 0 7/8 0 7/8
04/09/92... 3,736,000 0 15/16 0 7/8 0 7/8
04/10/92.... 1,982,400 0 7/8 0 7/8 0 7/8
04/13/92 ... 1,060,800 0 7/8 0 7/8 0 7/8
04/14/92 ... 1,076,800 0 7/8 0 7/8 0 7/8
04/15/92 ... 720,000 0 7/8 0 7/8 0 7/8
04/16/92 ... 854,400 0 7/8 0 7/8 0 7/8
04/20/92 ... 310,400 0 7/8 0 13/16 0 7/8
04/21/92 ... 547,200 0 13/16 0 3/4 0 3/4
04/22/92... 3,804,800 0 3/4 0 11/16 0 3/4
04/23/92... 4,041,600 0 3/4 0 11/16 0 3/4
04/24/92 ... 312,000 0 3/4 0 11/16 0 3/4
04/27/92 .. 665,600 0 3/4 0 11/16 0 11/16
04/28/92 ... 534,400 0 3/4 0 11/16 0 11/16
04/29/92 ... 38,400 0 3/4 0 11/16 0 3/4
04/30/92 ... 1,049,600 0 3/4 0 3/4 0 3/4
05/01/92 ... 403,200 0 13/16 0 3/4 0 3/4
05/04/92 ... 332,800 0 7/8 0 3/4 0 7/8
05/05/92 ... 475,200 0 7/8 0 13/16 0 13/16
05/06/92 ... 1,272,000 0 13/16 0 3/4 0 13/16
05/07/92 ... 644,800 0 13/16 0 3/4 0 3/4
05/08/92... 104,000 0 13/16 0 3/4 0 3/4
05/11/92 ... 323,200 0 13/16 0 3/4 0 13/16
05/12/92 ... 334,400 0 13/16 0 3/4 0 3/4
05/13/92 ... 272,000 0 13/16 0 3/4 0 3/4
05/14/92 ... 1,177,600 0 3/4 0 3/4 0 3/4
05/15/92 ... 147,200 0 3/4 0 11/16 0 3/4
05/18/92 ... 441,600 0 3/4 0 11/16 0 3/4
05/19/92... 384,000 0 3/4 0 11/16 0 11/16
05/20/92.... 168,000 0 3/4 0 11/16 0 11/16
05/21/92 ... 568,000 0 3/4 0 11/16 0 3/4
05/22/92 ... 188,800 0 3/4 0 11/16 0 3/4
05/26/92 ... 872,000 0 3/4 0 11/16 0 11/16
05/27/92 ... 976,000 0 3/4 0 11/16 0 11/16
05/28/92 ... 4,910,400 0 11/16 0 11/16 0 11/16
05/29/92 ... 10,460,800 0 13/16 0 11/16 0 13/16
06/01/92 ... 483,200 0 7/8 0 3/4 0 13/16
06/02/92 ... 825,600 0 7/8 0 7/8 0 7/8
06/03/92 ... 184,000 0 7/8 0 7/8 0 7/8
06/04/92 ... 761,600 0 7/8 0 7/8 0 7/8
06/05/92 ... 478,400 0 7/8 0 7/8 0 7/8
06/08/92 ... 1,555,200 0 7/8 0 7/8 0 7/8
06/09/92... 1,286,400 0 7/8 0 13/16 0 7/8
06/10/92 ... 356,800 0 7/8 0 13/16 0 13/16
06/11/92 ... 686,400 0 13/16 0 13/16 0 13/16
06/12/92 ... 224,000 0 13/16 0 13/16 0 13/16
06/15/92 ... 662,400 0 13/16 0 13/16 0 13/16
06/16/92 ... 62,400 0 13/16 0 13/16 0 13/16
06/17/92 ... 60,800 0 13/16 0 13/16 0 13/16
06/18/92 ... 220,800 0 13/16 0 3/4 0 3/4
06/19/92 ... 139,200 0 13/16 0 3/4 0 3/4
06/22/92 ... 337,600 0 3/4 0 3/4 0 3/4
06/23/92.... 992,000 0 13/16 0 3/4 0 3/4
06/24/92 ... 420,800 0 13/16 0 13/16 0 13/16
06/25/92 ... 43,200 0 13/16 0 13/16 0 13/16
06/26/92 ... 350,400 0 13/16 0 13/16 0 13/16
06/29/92 ... 401,600 0 7/8 0 13/16 0 7/8
06/30/92 ... 208,000 0 7/8 0 7/8 0 7/8
07/01/92 ... 608,000 0 15/16 0 7/8 0 15/16
07/02/92 ... 38,400 0 15/16 0 15/16 0 15/16
07/06/92 ... 660,800 0 15/16 0 15/16 0 15/16
07/07/92 ... 830,400 0 7/8 0 7/8 0 7/8
07/08/92 ... 27,200 0 7/8 0 7/8 0 7/8
07/09/92 ... 152,000 0 7/8 0 7/8 0 7/8
07/10/92... 147,200 0 15/16 0 7/8 0 7/8
07/13/92 ... 105,600 0 15/16 0 7/8 0 15/16
07/14/92 ... 257,600 0 15/16 0 15/16 0 15/16
07/15/92 ... 46,400 0 15/16 0 7/8 0 7/8
07/16/92 ... 376,000 0 7/8 0 7/8 0 7/8
07/17/92... 24,000 0 7/8 0 7/8 0 7/8
07/20/92 ... 190,400 0 7/8 0 13/16 0 7/8
07/21/92 ... 44,800 0 7/8 0 13/16 0 7/8
07/22/92... 441,600 0 7/8 0 3/4 0 3/4
07/23/92 ... 1,182,400 0 13/16 0 3/4 0 3/4
07/24/92 ... 291,200 0 13/16 0 3/4 0 13/16
07/27/92 ... 35,200 0 13/16 0 13/16 0 13/16
07/28/92 ... 254,400 0 7/8 0 13/16 0 7/8
07/29/92... 14,875,200 0 15/16 0 7/8 0 7/8
07/30/92 ... 163,200 0 7/8 0 7/8 0 7/8
07/31/92... 529,600 0 7/8 0 7/8 0 7/8
08/03/92 ... 147,200 0 7/8 0 7/8 0 7/8
08/04/92... 144,000 0 15/16 0 7/8 0 15/16
08/05/92 . .. 41,600 0 7/8 0 7/8 0 7/8
08/06/92 .. 67,200 0 15/16 0 7/8 0 7/8
08/07/92 .. 547,200 0 15/16 0 7/8 0 7/8
08/10/92 .... 129,600 0 7/8 0 7/8 0 7/8
08/11/92 ... 792,000 0 7/8 0 13/16 0 13/16
08/12/92 ... 779,200 0 7/8 0 13/16 0 13/16
08/13/92 ... 401,600 0 7/8 0 13/16 0 13/16
08/14/92... 32,000 0 13/16 0 13/16 0 13/16
08/17/92 ... 16,000 0 13/16 0 13/16 0 13/16
08/18/92... 49,600 0 7/8 0 13/16 0 13/16
08/19/92 ... 1,686,400 0 7/8 0 13/16 0 13/16
08/20/92 ... 1,401,600 0 13/16 0 13/16 0 13/16
08/21/92 ... 232,000 0 13/16 0 13/16 0 13/16
08/24/92 ... 33,600 0 13/16 0 13/16 0 13/16
08/25/92 ... 716,800 0 13/16 0 13/16 0 13/16
08/26/92 ... 556,800 0 7/8 0 13/16 0 7/8
08/27/92 .... 40,000 0 7/8 0 13/16 0 7/8
08/28/92 ... 686,400 0 7/8 0 13/16 0 7/8
08/31/92 ... 91,200 0 7/8 0 13/16 0 7/8
09/01/92 ... 11,200 0 7/8 0 7/8 0 7/8
09/02/92 ... 208,000 0 7/8 0 13/16 0 7/8
09/03/92 ... 46,400 0 7/8 0 13/16 0 13/16
09/04/92 ... 28,800 0 7/8 0 7/8 0 7/8
09/08/92 ... 433,600 0 7/8 0 13/16 0 7/8
09/09/92 ... 272,000 0 7/8 0 7/8 0 7/8
09/10/92 .... 3,772,800 0 7/8 0 7/8 0 7/8
09/11/92 ... 315,200 0 7/8 0 7/8 0 7/8
09/14/92 ... 238,400 0 15/16 0 7/8 0 15/16
09/15/92 ... 443,200 0 15/16 0 7/8 0 7/8
09/16/92... 569,600 1 0 7/8 0 15/16
09/17/92... 2,641,600 1 1 1
09/18/92... 747,200 1 1 1
09/21/92 . .. 1,699,200 1 1 1
09/22/92 ... 603,200 1 1 1
09/23/92 ... 40,000 1 0 15/16 0 15/16
09/24/92 .. 6,400 1 0 15/16 1
09/25/92 ... 452,800 1 0 15/16 0 15/16
Eight months follow of progressively higher prices....almost no retrenchment ever.
05/19/93 536,000 1 7/8 1 13/16 1 7/8
05/20/93 208,000 1 7/8 1 7/8 1 7/8
05/21/93 3,433,600 2 3/16 1 7/8 2 1/8
05/24/93 5,843,200 2 7/16 2 1/8 2 5/16
05/25/93 3,118,400 2 5/16 2 1/8 2 1/8
05/26/93 1,673,600 2 3/16 2 1/8 2 1/8
05/27/93 942,400 2 3/16 2 1/16 2 1/8
05/28/93 486,400 2 3/16 2 1/8 2 1/8
Three months follow of progressively higher prices and the break past
$3. Two months later the stock surges past 4.
Total time from 1 to 4 --> 19 months. Many, many days of multiple million trading volumes.
-------------------------------------------
Don -- I don't know AOL's original capitalization. It began as a dollar stock. You are correct in saying that some people wrote it off as a business that couldn't work. But retail customers can't provide the continuous multi-million share volume days that occurred above, so obviously many smart institutional investors recognized from the outset that AOL would be a blockbuster business. Is that our history too?
These two stocks are not mirror images. AOL was a first in its emerging field. FNTN, whose lofty initial share price owed a lot to companies like AOL and investors' hopes that all internet companies would be successful, comes to an emerging field in which there is already competition.
Hopefully we'll carve out a nice niche for ourselves.
-Ariella
P.S. It isn't lost on me at all that after all the other posts today, some of them now flaming me -- in the name of heaven yet! -- that no one besides me yet addresses remarks attributed to FNTN about revenue projections being pushed back..... |
