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: James F. Hopkins who wrote (4148)	7/26/1997 1:20:00 AM
From: CLAUDE JOHNSON	of 13594

Its Friday and time to reflect on AOL's stock performance. I'd like to post a few coments from awhile back ... one that made me LOL again to see it : ------------------------------------------- <<< To: James F. Hopkins (4000 ) From: CLAUDE JOHNSON Jul 14 1997 5:43PM EST Reply #4001 of 4149 THE TOP WAS REACHED AND WHEN IT WAS FOUND ALL OF THE CLIMBERS DISCOVERED THAT THEY HAD COME TO THE TOP OF A VOLCANO READY TO EXPLODE!!! So they circled to the other side of the volcano carefully where they hoped the lava would not come down ... and they are starting down the volcano to get out of the path of destruction. Once they get to the tree line they will RUN FOR THEIR LIVES!!!!! As the lava will spew forth everywhere! Well ... I could be wrong! >>> ----------------------------------------------------------- I still think we're getting to the other side and starting the decent. Like a rollercoaster ... it'll have to wait for the 2nd half of the coaster to start down the hill before she picks up steam!! ---------------------------------------------------------- From our resident bull Steve we had : <<< To: CLAUDE JOHNSON (3979 ) From: steve lipson Jul 15 1997 5:09PM EST Reply #4010 of 4150 As the AOL "Believer of the Month" on this thread so filled with bears in need of sound investment advice, I guess it falls to me to respond. The correct quote is "giant sucking sound." And you may not have even realized what an inspired choice of words you made, since you borrowed a famous Ross Perot prediction of something that never actually came about. To borrow another historic quote that I think more accurately describes our situation: The only thing AOL shareholders have to fear is AOL itself. >>>>> ---------------------------------------------------------------------------------- And might I add that with these constant declines AOL shareholders have a whole lot of AOL itself to Fear!!!! --------------------------------------------------------------------- I wrote : <<<< Would like to get a consensus (even from the AOL likers) on where she will be Monday, and then the rest of the week. She is a true lady ... unpredictable!!! My call here (timidly, not so bold as the top call): Monday starts up slightly (may reach 64.75) then goes down deep (may get to 5), settling around 61.75 at the end of the day. Friday she'll be finishing off around the 57-58 range with all the bulls and bears shaking their heads as to where she's gonna go. I believe volume will start to shrink at this point and I will probably get out and await another day. >>> L.B. Wrote : <<<<I will keep holding my PUT AUG 65 until she closes on the upside or 50 which ever come first. I think her downside potential is still there due to more analysts downgrading her. >>> Sam wrote : <<<<Looking at the chart for last nine months, without fail AOL has bounced right off the 50 day MA. As of friday is was 58.38.Thats my read and i am going long aug 60 calls if it hits the mark.>>> Summary went : <<<<To summarize: --------------------- Thus far I hear a consensus read that she may very well bounce back when she goes 58-60 range. (Jim cites 60 as a resistance level (although I can't see this from the last run-up) and Sam cites the resistance as it relates to the MA line now somewhere around 58+) We've got some who will be into calls around the 60 level. I'm even more confident about putting in those stops and tightening them down around the 60 level. The volatility of this one can lose your profits in a heart beat. >>> AOL SITTING AT 64 1/4 to end Friday. No breaks below 60 level!

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