America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: tang who wrote (22763)	6/17/1999 9:10:00 AM
From: Steeny	Read Replies (2) of 41369

Thread: I trade technically and short-term(week to week). Although I have a lot to say about fundamentals and I think the internet stocks are overvalued, I generally ignore fundamentals and trade on the charts. If you want to know my position, just follow what I say technically. I am currently flat. AOL is at a critical level right now sitting on it's negative trend line. It could go either way from here. Solid break above on heavy volume will be bullish. Below, selling intact. Tang, there are no buy signals, as u say(except stochoastics). Every other signal is bearish. I have had very heavy positions both ways on AOL in the past few months, but I have always felt the PEs are ridiculous. Nonetheless, I have been long AOL on the charts until it all really broke down on 5/21. As I've told others, if u can't take negative posts, don't read mine because I will not hold back just because some longs get pissed off. I do not pump up AOL fundamentally when I am long. I hold pretty steady whether long or short. I appreciate posts from people who are knowledgable so I can learn something. I don't care what their position is. If I say something inaccurate, let me know.

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