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


To: Sonny Bui who wrote (13424)4/27/1999 6:30:00 PM
From: Fred B.  Read Replies (1) | Respond to of 41369
 
Last few trades on instinet were in the 151 to 152 range. all 100 share trades. Folks, don't pay too much attention to the aftermarket trades, especially this late in the day. After-market is very thinly traded and prone to manipulation to begin with. AOL restarted trading way to late for any institutional trader to be still at his desk. Also no institutional manager worth his fee will take any action (buy or sale) on AOL before the CC .

Both the analyst tone and the management tone was very positive on the CC. I expect more than a handful of reiterated strong buys issued the next couple of days. That said, don't be disappointed if we see a pull back tomorrow. Considering the run up AOL has had,it needs to consolidate before the next leg up. The important thing is that the the company is not missing a beat in any area including the broadband. As long as that holds, we are in good shape.