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Technology Stocks : America On-Line (AOL)
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To: HECTOR RUBERT who wrote (22390)6/15/1999 2:08:00 PM
From: Jenne  Read Replies (1) of 41369
 
"Doubt if the correction will end until these stocks reach absurdly low levels," wrote Stephen Shobin, chief technical analyst at Lehman Brothers about the Internet sector in a research note this morning. "Most will have to fall under their 200-day moving averages, then build bases for many months. Put/call ratios reflect too much bargain-hunting. Complacency is not a sign of a bottom. Allowing for little bounces, we think the correction has a lot more to go." THE STREET

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