Just heard over the radio why AOL sold off at the last minute. It appears that BIG investors have some sort of fancy program that automatically sells off its positions once a stock has reached its predetermine stock price. Seems kind of illegal given most on-line brokerage firm do not allow small investors to use such tools. Anyhow, momentum for internet stocks is still hot so I feel this stock will continue its upward trend until a couple of days after the split. Enjoy the ride to 160+ pre-split.
AOL target price for this week was announced in CNBC for 160 and in Money Central Analyst Wizard for price target projection the price is 350 for the Fall of 1999. Today was just profit taking by Day-Traders