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: Bob Kimball who wrote (9067)	3/26/1998 6:44:00 PM
From: Stephen	Read Replies (2) of 13594

Bob, aren't you the one who early March thought the top had been reached, but at most was 128 ?? ... hmmmmmm .... technically I see this churning as another base forming ... at least that was my understanding of how things work. Also, if you look at the 200 day chart, you'll see if it goes down it should bounce off 63/64 level to new highs. I guess it all depends on how one looks at the data available!! You are right ... its overvalued ... but ... unless the market corrects I don't see any great sell-off in the near term. Heck, I think I'm even beginning to understand this stock !!. Good trading/investing! Stephen

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