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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Captain Jack who wrote (285)	12/30/1998 11:41:00 AM
From: Dennis J Baltz	Read Replies (1) \| Respond to of 41369

150 has slipped and gone. Down to 146 at 11:35. Were will it find the next resistance.

To: Captain Jack who wrote (285)	12/30/1998 12:05:00 PM
From: ChinuSFO	Read Replies (3) \| Respond to of 41369

<< .....When the 'nets tank they will draw the heavys down too. AOL will come back while some others go the way of Commodore... >> Yes, I do agree with you. The portfolio managers are doing window dressing now and will continue to do so till 1:00 pm EST Dec. 31. After that money will start to flow in and shares should go up. With that will rise AOL IFMX RCNC etc. etc. Chinmoy

To: Captain Jack who wrote (285)	12/30/1998 12:08:00 PM
From: Chuzzlewit	Read Replies (1) \| Respond to of 41369

I have repeatedly asked this question when comments like yours are made concerning MMs, but on this thread the comments are getting downright insane! There are no market makers (MM's) on the NYSE, they use specialists. Now if you mean portfolio managers, what profit is there in selling AOL with the idea of buying it back the next day? Unless of course if you mean that a bunch of momentum players will bail out in a stampede in order to let the portfolio managers in cheaper tomorrow with a subsequent rise next week. There is only one problem. You can't be assured of anything under this scenario. If you are talking about the managers of index funds, they really don't care. The funds are simply designed to mirror the S&P. So ---> Precisely how do these mysterious MM's (do they melt in your mouth, not in your hands?) make a profit at this game. And how do they do it using the specialists on the NYSE? Please use numbers and volumes to substantiate your points. TTFN, CTC