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[RT] AOL



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I felt that a bottom may have been put in for AOL today and bought in at 
20.33.  The 20M new shares was filled without effort and the low volume 
leveled ... Warner is worth about $22 as a weighted mc which means AOL is 
free and you get TW at a 10% discount.  Just my thoughts and action.. all 
due diligence in order of course.

Bob


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