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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 679.70

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To: dppl who wrote (24787)	1/11/2000 9:52:00 PM
From: d. alexander	Read Replies (3) of 68315

>>>Two brokers rang me yesterday to talk about the AOL deal, and I told them I thought it was fundamentally very bearish for the Nutters Thomas, I think you've got company - from Briefing 09:29 ET America Online (AOL) 72 5/8: Schroders downgrades Internet service and content provider from "outperform significantly" to "outperform" and lowers their price target from $105 to $85 as combined AOL Time Warner will see slower growth than AOL pre-merger and arbitrage activity is likely to put pressure on AOL share value until the deal closes in about one year. I was remembering your admonition re: rates exceeding 6.5% & wonder if there are any comments on that? Tho' it was some time ago! Great to hear from you. Dorothy

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