AMERica on-Line, Another over valued company? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : AMERica on-Line, Another over valued company?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Zoltan! who wrote (111)	6/5/1996 8:21:00 PM
From: Frank Chen	of 222

Going into the low 40's. I checked the recent chart for AMER. Today's drop might be the first test for the 43-47 support. The selling after the downgrading is in such big blocks that I think it's the institutional investors that're selling. My reading for this is that the 45 support will be broken in 2 weeks, and the stock will go to the low 40's. The question that I think everyone holding AMER has to ask himself is, is the 40 really a strong enough support now? Expect more analysts join the negative camp. It might be wise to take the money and run. Regards, Frank P.S. I don't have a position in AMER. I'm just watching it for fun.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next