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


To: Annette who wrote (1636)1/6/1999 11:49:00 AM
From: Out_of_the_Trap  Read Replies (5) | Respond to of 41369
 
FROM OPTION INVESTOR NEWSLETTER...(1/5/99)
The last 2 days, AOL has been stuck with the internet rut on seemingly average volume given their addition to the S&P 500. Here's our take: CNBC reported that major index funds including Vanguard and Fidelity completed only 10-20% of their purchases of AOL, citing that they'll wait until the price comes down. Nice try, these 2 still need to buy 15-20 million shares to accurately reflect the index. Plus, rumors are still rampant that AOL will announce a split any day. They report earnings 2-9-99 but probably can't wait that long given they too have always split in the $120 range. A split announcement stampede and fund buying pressure would set up the equivalent of a short squeeze, just adding fuel to the fire in a huge price.

Keep your chin up and hold on... it's about to run.

TTFN
PAS :)