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Technology Stocks : America On-Line: will it survive ...?
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To: William H Huebl who wrote (1967)2/26/1997 6:39:00 PM
From: Balanageswaran Angappa Chetty   of 13594
 
hello,
with ATT announcing to remove 5 hrs free access, It clarifies that the profit margin is very very less in this business.

Applying the same to our Money minting machine AOL, I feel it will get into trouble over a period of time.(Ofcourse, there are other issues)

For now i feel this guy's trading range is 34 1/4 - 43 1/4 and i would love to short this guy at 43 range if at all he goes there. And by next week this guy should test 34 range.

I have already placed an order for 1200 of AOL to short at 42 and above. And hoping to cover below 35 range. Let's see.

I also feel there is no way this guy can break 45 in near term (or long term either).

Also if you notice, with technology advancing so much and many buying computers and surfing the net, AOL says the number of subscribers are going to be around the same as december in march. In three months no progress, so we are back to square 1.

I feel that more people will be leaving during march.
Any comments.
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