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 9:01:00 PM
From: James F. Hopkins	Read Replies (2) of 41369

Bobby; Lot's of volume on AOL today..makes $86 critical tomorrow, if she don't go below $86 tomorrow she should rally to the 110 level in a few weeks, bar a market melt down. I'm not saying her down side is over, but that she does seem short term over sold. Longer term I don't like AOL, they have used the shares as money and made a buys in haste , and haste makes waste. They spent money ( shares like crazy ) and paid premium prices for most of the stuff , all that has diluted the heck out of her and turning the corner on her investments is not going to be easy. Looks like most of what she spent in Japan is dead money now, of course I predicted the Japanese would milk her then eat her lunch when she went there. After this nut mania is over AOL will be just another once was just like IOM. Really big Cos like AT&T will in time get around to muscling her aside. But for now if she don't dip below $86 tomorrow she is a short term buy, if she does dip below that run like hell, as I think it will also signal some really bad stuff for the entire market. Jim

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