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Technology Stocks : America On-Line (AOL)
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To: larry who wrote (32125)10/2/1999 3:08:00 PM
From: t2  Read Replies (2) of 41369
 
larry, To me it looks like AOL is ready to move up on the smallest bit of good news. It is at its current levels due to the MSN raising rates. I don't think the possibility of cable deals is really factored into the price although that is what the media has been mentioning. MSN news did the trick.

All AOL has to do is announce some sort plans in the same way Amazon did and the stock move up will accelerate.

Now the markets: It is too late for the selloff of October. Too many people have bailed out and will jump back in at any sign of decline---just like Friday. Too much cash (like yours) is on the sidelines. I got out at the end of July but realized after a market decline that a serious selloff was not possible this year. People have already protected their portfolios. Therefore, the market can only go up whether it is mid October or late October (or next week).

Best of Luck.
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