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Technology Stocks : America On-Line: will it survive ...?
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To: James Berg who wrote (4082)7/21/1997 5:24:00 AM
From: Quaddad   of 13594
 
James,

Your going to have resistance way before $40. Right now AOL is on it's 20 dma. That's resistance point 1. Then you'll have to deal with the 50 and 200 dma. The 200 is at $45 or so. And those are just the basics. Plus your bad news is old news. AOL agreed to reimburst people partially a while ago. Even if they miss their earnings, I can't see a 40 - 50% decline in stock value off it's high.

But then again OCT is a long ways off. Who knows. That so called bubble may finally burst after all these years.
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