America On-Line: will it survive ...? Message Board

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Technology Stocks : America On-Line: will it survive ...?

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To: chenys who wrote (3670)	6/27/1997 8:32:00 PM
From: Quaddad	of 13594

Q Y Chen Said: <<AOL is by itself. Technically, it is very good for short.>> I think we may be looking at different charts here. Every month AOL has had a decline similar to this one and every month it recovers. The light volume is mainly due to the time of year and I admit it won't get better this coming week. But AOL has successfully bounced off it's 50 dma every time. The 50 dma right now is at 51 or so. The stock is way oversold and every indicator out there is saying the trend will reverse. There has been no negative news out there that I could find. No analyst downgrades. I bought long today based on TA and you shorted based on TA. I'm curious what your seeing that I don't.

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