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: Stephen who wrote (9070)	3/27/1998 5:37:00 PM
From: Bob Kimball	Read Replies (1) of 13594

Stephen... you're right. My first top target was 128, but all it did was congest there. It could either be forming a base now for a further move up, or be in distribution preparatory to a larger move down. I am cautiously looking for the distribution scenario to play out. This isn't uncommon with stocks that split after a big bull run. The splitting facilitates distribution from insiders/institutions to the public. With post-split prices being what they are, this effect may be muted somewhat in AOL's case. AMAT was a clear example of split-distribute-tank. It is possible here, but again, only one of two likely scenarios. We'll let the market tell us...

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