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Technology Stocks : America On-Line: will it survive ...?
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To: James F. Hopkins who wrote (2451)3/17/1997 3:31:00 PM
From: WryBoy   of 13594
 
If AOL closes down today again (currently 42 1/4 A),
that will make 5 straight down days, since last Monday's
5 point run up. Although AOL is certainly due for an up
day, the chart looks pretty bad to me -- AOL has to make
another run for 46-48 in order to confirm the up trend,
else it's clear sailing back into the 30's IMHO. The weak
broader market makes the bullish case seem salmon swimming
up stream. Bulls need to get past the Fed meeting next week.
A hike will be bullish for bonds, and stocks may follow, but
who knows. At this point, I'm playing more of a volatility
game, then a directional one, trying to trade the swings.

Wish I were better a it. AOL is a tough stock to trade now.

Phil

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