SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Three Amigos Stock Thread
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: lostmymoney who wrote (16166)7/7/1999 9:27:00 AM
From: scouser  Read Replies (2) of 29382
 
AOL, clearstation reco long..........

'kensey' has recommended AOL (Long)

'kensey' said:

Looking to be a buyer now that prices have gapped over resistance at 118
and Steve Case declares once and for all and for the benefit of everyone
that America Online (AOL) intends to be the next Microsoft.

118 (this line is drawn in) not only served as resistance of late (since mid-May)
but served as support during the massive top that formed from mid-March through
mid-May. So taking out 118 I believe to be that event that may serve to mark a
transition from an extended basing pattern to a new bull trend in which prices
make a sustained upside move. If AOL is going to be the most valuable
corporation in America, it's time to start the treble in prices that needs
to be accomplished to knock Microsoft out of the top spot.

118 is the line of lines.

But this isn't guaranteed! So doing something wimpy (actually did that today)
and now eyeballing 118 to see if it serves as support during a pull-back :
these lines are usually tested so expectation is that this occurs here. But I
am looking to buy the advent of weakness and hold the advent of strength.

Another bullish advent is that the 13-day EMA is looking to cross over the
50-day EMA. This usually proceeds a trend to the upside.

It also looks like the bottom in June was _the bottom_ - the high volume
during the decline that took prices to around 90 looks to be capitulation selling
in which the floor was swept of sellers and made clear for buyers.

In addition, the subsequent bottom that the stock at 100 made in late June formed
at a higher price level. So AOL has now put together a succession of higher lows,
the first time this has happened since February.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News