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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 691.79+0.6%4:00 PM EST
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To: Clint E. who wrote (22668)8/10/1999 10:50:00 AM
From: Steve Yuan   of 69520
 
Hi, Clint,

Thanks. Since a huge premium has been priced into AOL based on its growth story, when its hypergrowth story is gone, its price should drop very fast. The problem with shorting stocks is that those stocks usually trickle down a few dollars and then have a huge run-up due to short covering. With the neckline in head and shoulder pattern penetrated, it will be interesting to see how those net stocks will behave.

Steve
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