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

To: LWolf who wrote (11548)10/26/1998 5:22:00 PM
From: Dennis J Baltz  Read Replies (2) | Respond to of 13594
 
Anyone

What's going on? I thought AOL closed at 119+7/16. Then all of the sudden the bid/ask on Schwab is 121/125? A $4 gap in the bid/ask?

Can anyone confirm this? Was there an announcement that I can't find or is it just a glitch.

Dennis



To: LWolf who wrote (11548)10/27/1998 9:36:00 AM
From: Steve Robinett  Read Replies (2) | Respond to of 13594
 
Laura,

<<If AOL announces a split, the stock could gap up the next morning.>>

It always has historically. The question is whether the split news has already been discounted in AOL recent dramatic price rise.
Best,
--Steve
P.S. I'd still like to know who all these people are who believe that owning twice the shares at half the price means you somehow own more.


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