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Technology Stocks : America On-Line (AOL)

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To: Ram Seetharaman who wrote (32737)10/16/1999 11:29:00 AM
From: Rob L.  Read Replies (2) of 41369
 
My stop limit was hit at 110 on Friday. Can't see any technical support for this stock until at a minimum of a 100, but likely lower to between 80-90. Stochastics and RSI suggest this recent downturn from low 120s is not over yet. I am hoping the stock touches its early August and Mid-sept lows of 80, but I am willing to reenter between 90-100 if technicals turn around.

On a fundamental note, can't see what will support this company going forward. I recently dropped AOL service to go over to mindspring, what a difference in speed and quality of tech/customer support not to mention its a few bucks a month cheaper. Also, if AOL does not go to faster bandwidth, it does not have a chance in the schools or home going forward.

Although I don't like the fundamentals, this stock can still easily surprise (e.g., bandwidth or marketing/advertising announcements), hence my inclination to re-buy at lower levels.
JMHO.

Regards
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