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

To: RocketMan who wrote (15339)	5/6/1999 5:01:00 PM
From: Steeny	Respond to of 41369

It is the institutions who are still doing the rotation. As they continue to chop long positions in AOL and divert to cheaper pe stocks(DOW outperformance) or cash. Many of them went long in Dec and Jan when AOL became part of SP 500. If they accelerate the dumping to lock in gains(the shrinking mutual funds mkt forces them to get higher returns.Short-term losses not as acceptable as they once were), we will really see a selloff and the individuals will follow. I think most fund mgrs know Case will have a cable strategy. ATHM is holding from accretion due to gain in T mkt cap(owns 20% of ATHM)