Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jerome Wittamer who wrote (11599)	10/27/1998 5:50:00 PM
From: Jerry Miller	Respond to of 13594

"...a two-for-one split of its stock, effective Nov. 17..." wow. that's gonna be a busy week. Dell reports on the 12th. (the previous thursday) the Fed lowers rates on the 17th. ;) and we get a short squeeze on the 20th.

To: Jerome Wittamer who wrote (11599)	10/27/1998 6:00:00 PM
From: Bill McCullen	Respond to of 13594

Jerome, Certainly there are some positive psychological factors associated with stock splits. As I said they make stocks more affordable and send the message that management has confidence in the prospects for the company. But, please do not site AOL, YHOO, etc. as case studies for the effects of stock splits as these stocks do not trade based on any normal valuation models. If you have some data on Coke, Gillete, Philip Morris, GE or any other great, long term growth stocks I am all ears (eyes, whatever). My comment was related to the euphoria that has developed recently on these types of bulletin boards which would make one think that a split ensures that the stock will double in a short time. This type of thinking is classically seen at a speculative top. I hope this time is different. Bill