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: Jingsheng Sun who wrote (49)	8/18/1996 9:57:00 AM
From: modon	of 13594

JS: For people who are shorting on AOL, I can feel their fear. That's another reason it will continue rally. Jingsheng - Looking at the chart for AMER, I see a trend consisting of a descending and _expanding_ triangle since 5 May. If it continues to rally this week (probably to fill last weeks gap) it should hit the top of the triangle around 35. The next bottom is somewhere down around 15. I don't see what shorts have to worry about with this one, and I am seriously considering joining them. If you've been successful on the long side in this trend, then you are very talented at picking bottoms and tops because the long term trend has been down. Greg

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