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Technology Stocks : America On-Line (AOL)
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To: SouthFloridaGuy who wrote (22208)6/15/1999 11:14:00 AM
From: David E. Taylor  Read Replies (2) of 41369
 
AOL dropped below its 200 DMA in early July 1996 and stayed well below it until the end of November that year. As I noted in an earlier post, AOL that summer lost 65% as it fell from a high of 68 to a low of 24 (adjusted for the three 2:1 splits that have since occurred).

Beliweve me, I remember it well, my first AOL buy was that Fall after I decided the down side from 24, while certainly a risk, was limited.

David T.
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