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Technology Stocks : America On-Line (AOL)
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To: im a survivor who wrote (31009)9/18/1999 10:15:00 AM
From: Time Traveler  Read Replies (2) of 41369
 
Since money managers usually sell their losers in October, there are always a few who would sell in September to get ahead of the crowd. I think we are seeing the tip of the iceberg on selling. We might encounter another panic selling in October just like early this August except in a much grandeur scale. Then comes November. The price should consolidate and start to go higher. I would say most of the money managers still believe in AOL. They would want to buy it back after 30 days to write the tax loss.
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