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

To: FR1 who wrote (2202)	1/10/1999 5:24:00 PM
From: abraves	Respond to of 41369

<< The second thing is that control has been taken, to a large measure, out the hands of the few brokerage firms that used to control and run the market. >> I am starting to agree with this. Just a few years ago the MM's could easily talk money in and out of sectors. Now it takes them a little more time, and in the future it will take them longer. In 97, in our office of about 40 people, there was hardly no talk of stocks. Now if you walk around the office, about 3/4 of them will either be talking stocks, looking at quotes, or trading online. Just about everyone in our office this year put their bonuses in their online accounts, or stock clubs, instead of buying cars etc... The more and more this happens, the harder it's going to get for the big firms. Look how long they have been talking the internets down now. The best thing about AOL is that it is the one internet the MM's seem to be ok with (ok as they can be with this kind of PE). My buddy put some heat on his MM last year about the getting in the internet stocks and his MM said it was all going to come crashing down (and he knows it will some day, but he wants to make money on the way up). This year he switched MM's and and told the new MM that he wanted to be in the internets and guess what stock the MM bought the last week? AOL. I think the reason why most MM's are talking the internet stocks down is because if they don't hurry up and make them go down, the are are going to be forced by the masses to get on board or lose some business. And you know what they say about the last ones on. IMHO AOL will fly before earnings. Go AOL !!! Good Luck