America On-Line: will it survive ...? Message Board

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Technology Stocks : America On-Line: will it survive ...?

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To: CLAUDE JOHNSON who wrote (4052)	7/18/1997 3:07:00 PM
From: Tom Lu	of 13594

Technically, AOL still has 2-3 days (including today) of straight dropping before rebounding, but 1st, $75 is for sure a big top there, with 1.7mil and 2.5mil shares there, even it rebounds a little after hitting $55 which is the first support, it may continue to drop due to downgrades and people wanted to push it lower, I'm thinking of covering it at $55, and wait for the next short point, more likely I can make more money on short than on longs from now on. tom

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