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Technology Stocks : America On-Line (AOL)

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To: DR. BOND who wrote (27696)8/3/1999 1:13:00 AM
From: Rarebird  Read Replies (3) of 41369
 
AOL is now in a Confirmed Bear Market. A Technical Sell Signal Was Issued at the close on Monday.

Most people bought AOL for the very simple ( and superficial) reason that its share price went up. Now your going to see it go down for the same reason. What comes around goes around. The way up and the way down are one and the same way or form. The Island of Riches that AOL promised will now turn into a Sea of Bankruptcy. Buying the dips here will be hazardous to your financial health. We are now in the very early stages of a Bear Market in the US Financial Markets. Stocks, like AOL, that went up the most in the Bull Market, will now go down the most in this Bear Market. Mr. Bubble, Alan Greenspan, will not be able to save the financial markets or AOL this time.
Many AOL Bulls will finally learn the hard way what downside risk is all about. The devastation in the share price that is about to take place will not be recovered for many many years, if at all. Think about this before you play martyr with your financial future. This stock may not ever come back to its glory days. AOL will go down in history as one of the greatest stocks to have held during the US Bubble Mania Phase.
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