America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: craig crawford who wrote (32144)	10/2/1999 8:02:00 PM
From: jmanvegas	Read Replies (1) of 41369

I suggest in my post that a market crash could take AOL back down to the low 80's and that if it broke below that double bottom, I stated that shareholders could get really stung. That would suggest a broad head and shoulders distribution top has been put in and AOL could be "dead money" for awhile. I don't think that will happen but time will only tell. I believe low-mid 90's is excellent long-term support where AOL can launch its next leg. A quick selloff into that area from a non ATHM deal (a B.S. down move by daytraders and short-term swing traders)would be met with vigorous buying IMO and we would quickly recover back to over 100 again. Xmas is going to be huge for AOL and this gorilla is starting to arise from his long nap. BTW, ASND was never a gorilla like AOL - different story - would never have survived if LU hadn't taken them out - you know - old technology selling their company at the top - ASND management very smart. Gorillas live longer and may take long naps every once in awhile, but then they get up, see the world, and they're very hungry for a good meal. Long-term, AOL is going to be eating quite well, thank you. Happy hunting and trading. jmanvegas

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