America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: bobby beara who wrote (27965)	8/3/1999 7:55:00 PM
From: Vendit™	Read Replies (3) of 41369

Bobby Re: I tried to buy it the other day when it bounced off the 20 day band on a big white candle I know the candle well. With that said I disclose a large position in the low $40's. Anyone that knows me well also knows that I like to play a stocks roll if it is predictable enough. AOL's movements have been predictable up until the highly publicized summer sell-off grew near. The candle you refer to was in the near $100 area, guess who was a buyer? Now guess who is a cash holder with the exception of my AOL $42? As a young child I was fascinated by fire. As an adult I just can't help myself! AOL and other Internet stocks are my fire. And you said; anybody who tries to step under this knife is foolish, let the big money try to rescue this thing and build a base before entering. My advise to any lurkers is if you have it in a long term position as I do, hold it. If you want it, wait until August is over. I doubt there are too many short term traders that still hold AOL against their better judgment as it has fallen from the $170's to today's low of $86. IMHO Vendit Ps: I truly don't think $50 is technically doable. However I do have a target.

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