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Technology Stocks : America On-Line: will it survive ...?
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To: Xpiderman who wrote (1003)1/10/1997 6:38:00 PM
From: John Wu   of 13594
 
Xy,

You are absolutely correct about new shorts in the 40-43 range. This
stock is just too predictable. I've shorted this stock four or five
times in the last six months and have never lost money. AOL always
goes up for a day or two on some kind of news (e.g., move to NYSE,
new pricing plan, subscriber growth, buy rating reiterated, etc.).
Just look at the chart. The upward spikes represent some kind of
news. The stock price always falls back to a trading range between
27-34. I look for carryover buying on Monday morning to take the
stock up to 44 (top) and then selling will follow relatively quickly.
To you long investors out there, don't try to catch a falling knife
once AOL starts heading down. If you really like AOL that much, you
can go long at a lower price in a few days. To you shorts out there,
this is your dream come true (other than existing shorts in which case
this is your nightmare come true; don't worry though, you'll wake up
soon).

Happy hunting.

JW
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