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


To: musea who wrote (3202)1/24/1999 12:13:00 AM
From: Annette  Respond to of 41369
 
OT---
NAVR is getting ready to IPO it's popular Net Radio site... maybe you should check out both sites(Navarre.com and netradio.com)
Come over to the NAVR board and we don't have to do OT on the AOL board...

Annette

Can't wait for the AOL earnings....how about .20?



To: musea who wrote (3202)1/24/1999 12:21:00 AM
From: Warren Gates  Read Replies (1) | Respond to of 41369
 
AOL's FLOAT going into earnings ...
77% institutions
27% insiders
7% short

There have been a slighly more institutional buying than selling in the last 3 months. I would assume a lot of this had to do with old fund holders selling to the S&P index funds. But now, that AOL has roughly gone down to the point where it went to the index, these funds that sold near the top may be trying to buy the shares again in time for the earnings.

What would happen if the stock starts creeping up on Monday, and the institutions stop selling, and the retail investors stop selling, and some late comers start buying, and the shorts get nervous? I guess a pretty explosive mix.

There is a very strong chance of a stock split in order to broaden the institutional base of AOL now that a lot of the float has been sucked up by the index funds. Now that it is in the index, I don't think there is any growth fund out there that hasn't received the prime directive yet to put out some percentage for internet stocks. After the bloodbath in AMZN, YHOO and the others, I think their only logical choice is to go with AOL. There is a bigger risk for these fund managers if the stock takes off again and they're not part of the ride and their index counterparts are.