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

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To: Frank Chen who wrote (122)6/8/1996 6:19:00 PM
From: sohony   of 222
 
stock has strong support at 42 to 44. it spiked right back up on very high volume despite dow down 50+ points on friday (second attempt last week to test 42 to 44 level. suspect that cabot letter readers and weak holders were forced out in blow off last week and amer will test resistance at 50 on monday then move to current fair value area of 55 to 60 within 2 weeks. dont think we'll see 42 3/4 again in next few months--perhaps ever!
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