America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: Teresa Lo who wrote (24136)	6/26/1999 6:23:00 PM
From: Steve Robinett	Read Replies (3) of 41369

IntelSpec.Com Ah, substance at last. It is undeniable that AOL is in an intermediate-term downtrend. Anyone who thinks a stock moving from 175 down to the current 103 is in an uptrend needs lessons in how to count on his/her/its fingers. And trading with trends is mother's milk, obviously sensible, though at the moment I'm trading against that trend. Certainly trading with trends is more useful than trying to call bottoms or tops. We'll save for another day the discussion about whether TA is anything more than self-fulfilling prophesy combined with wishful thinking. As for the AOL-thought-police on this thread, they probably have too much of their money tied up in one stock and mistakenly think something said on this thread will influence trading in a stock that trades 20 million shares a day. Obviously, that's silly, but then aren't most thought-policemen. So don't worry about criticism. As a wise man once said, anyone who does anything gets criticized. Best, --Steve

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