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Technology Stocks : America On-Line (AOL)
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To: Steve Robinett who wrote (24130)6/26/1999 5:17:00 PM
From: Teresa Lo  Read Replies (4) of 41369
 
Well, for a trend trader trading AOL according to what it is doing on the daily chart, it is a simple matter - stay short and/or don't buy until the bottom is tested.

I said a few weeks ago to at the low to expect sellers on a bounce to the 20EMA overhead which was at $114ish at the time. This is clear - the guiding principle is to buy every dip on an uptrend until it can't go up anymore and to sell every rally in a downtrend until it won't go down anymore. AOL is in a downtrend and when the bounce failed at the 20EMA as expected, get out of longs and/or get short. The only question in a trend trader's (who would be short) mind would be this - on this test of low, will it hold?

Most of the people on this thread are long players presumably still holding from higher levels and you know what would happen if I had "more bad news" and used the words "sell the bounce at resistance overhead", right? Beaten in a dark alley, chastised for "scaring" small players, you know the drill. In case you haven't noticed (e.g. your replies to my analysis) there is no free speech allowed here on SI. The thought police are everywhere. Many are unhappy and looking to vent and give criticism. People look everywhere to lay blame rather than acknowledge that it is the reflection in the mirror/lack of discipline/risk and management skills is the place to start improvment if investments are not working out "as expected".

Besides, I don't think can give advice anyway - only my opinion. So therefore, I must see both sides of the coin or I wouldn't be "fair". I mean with your straddle position, you're hedging your own analysis, correct?
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