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Technology Stocks : America On-Line (AOL)
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To: DAWGS who wrote (3092)1/22/1999 6:55:00 AM
From: Calvin   of 41369
 
DAWGS,

From the Option Investor Newsletter:

AOL - America Online $141.00 -7.50 (-5.50) Whoosh! That's
the sound of the rug being pulled from underneath the
Internet stocks. AOL suffered too. Honestly, it could be
a lot worse. AMZN and YHOO are down approximately 46% and
40% respectively from their highs, while AOL's price looks
more like consolidation. AOL is sitting near its 30 day
moving average and should bounce off it if the internet
sector doesn't experience complete meltdown from here.
With internets already well off their highs, a lot of air
has now escaped the bubble. A further huge sell-off is not
as likely. Bottom line: AOL has rapidly growing real
earnings from an outstanding Christmas and is a split
candidate at these price levels (over $120). We anticipate
a split along with earnings to be announced January 27
after 5:00pm ET. Only 4 trading days left. We think an
earnings run has got to start soon. Confirm market
direction backed by strong volume before playing, or target
shoot for a better entry. Still an Internet; iron stomach
and ice in the veins required. [almost every commentator
about the internet stock meltdown today made an exception
for AOL. They all felt that AOL would comeback and was
the best play in the entire sector]

Calvin
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