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


To: slurper who wrote (16038)5/9/1999 2:23:00 AM
From: billkirn  Read Replies (2) | Respond to of 41369
 
Slurper: I have been through this thinking, shorts will be blown out forcing the price higher and higher. It did not hold up for Agouron. This stock had one of the largest short positions for an extended period of time. The price would rise and the short positions would continue to increase. The stock eventually fell almost 65% from its peak. I have a feeling the pros notice these chart patterns and start acting in a way that overwhelms the price and makes these guys rich. I do think AOL will rise some next week.
Bill