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

To: twt who wrote (11554)	10/26/1998 11:25:00 PM
From: Art Stone	Read Replies (1) \| Respond to of 13594

1) You're probably looking at a quote based on SIAC's CQS data feed. It includes quotes from secondary markets - specifically, the Pacific Stock Exchange continues trading for 1/2 hour after NYSE closes. 2) Close price is based on Last Sale, not last bid. If the last trade was 119 7/16, a bid of 120 is not way out of line. The big spread is an indication of the lack of liquidity of the secondary markets. 3) Ask price of 125 does not mean that if you had AOL stock that it was worth $125. The price is not an indication of buying pressure, but the absence of sellers in an illiquid market.