America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: KENNETH DOAN who wrote (21446)	6/11/1999 5:22:00 PM
From: ChinuSFO	Read Replies (1) of 41369

With a widely held view that the money situation is going to tighten with the Fed rate increase, investors are engaged in taking their money out and parking them as liquid cash. They are going to sell stocks where they are ahead and those that they will encounter a loss in are the ones they are going to hold. It is granted that AOL has moved up quite a bit in the past and investors see this as an opportunity to take their money and run. Meanwhile people are bottom fishing on some of the stocks such as AOL, INTC, MSFT etc. and are waiting for the opportunity to jump in on the slightest indication of a turnaround. The spate of positive analyst recommendations for AOL in the past week bears a strong testimony for that view. So AOL longs. Hold on. I just bought INTC today on anticipation that we will not see INTC in this range again. Instead it will go higher. Triple witching is next Friday and after that I expect the summer rally to start. So folks, hold on tight to your AOL. Remember those who put in 11,000 in AOLs IPOs and have held on to it since have becomes lionaires 5 times over. So folks hold on to AOL.

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