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

To: Jay Rommel who wrote (11259)9/10/1998 4:31:00 PM
From: Steve Robinett  Respond to of 13594
 
Jay,
So the market sells off today, partially in anticipation of the Starr Report's publication tomorrow. AOL sells off along with it. (I bought a few calls in roughly the middle of the day's range) Then, with the market selling off even more, AOL announces that they too will carry the Starr Report online and--zip--AOL takes off and closes almost unch--talk about irrational market responses!
Best,
--Steve



To: Jay Rommel who wrote (11259)9/10/1998 5:06:00 PM
From: Steve Robinett  Read Replies (2) | Respond to of 13594
 
Jay et al,
Evidently it was not the idea of AOL carrying the Starr Report but the $35-40 million cash for Spraynet(roughly $.20/shr) that moved AOL up at the close--which makes a lot more sense.
Best,
--Steve


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