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Technology Stocks : America On-Line (AOL)
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To: Brian K Crawford who wrote (30792)9/15/1999 10:01:00 PM
From: Time Traveler  Read Replies (1) of 41369
 
I am speaking this through my observation. In general, price drop with low volume is a very bearish sign. That means the majority of the folks who want to sell out are still in. It takes a big sell with high volume to drive them out. Do you remember in early August? AOL started to turn around only after a pannick selling.

Half a year ago, I remember M. Siebert commenting on AOL on CNBC. She said AOL has a lot of investors sitting on ungodly sum of profit. They will bail out sooner or later.
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