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Technology Stocks : America On-Line: will it survive ...?
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To: J.S. who wrote (4054)7/18/1997 4:49:00 PM
From: John Wu   of 13594
 
I don't know too much about TA, but I think AOL will drop big on Monday. First, when the market closes down big on a Friday, it usually carries over to Monday. Second, when a stock closes near its low of the day for three consecutive down days, it usually tumbles (i.e., waterfall). I finally got back into AOL short at 70 on its way up to 73 and then again today at 64 1/2 in the last few hours of trading. Hopefully, I can recoup some losses from when I was short at 35 and out at 40. Be careful with AOL though. It can turn around fast.

JW
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