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

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To: CLAUDE JOHNSON who wrote (4071)7/20/1997 4:46:00 PM
From: choban   of 13594
 
I shorted AOL last week at 69 and I don't think that it will stop at the 50 day MA this time, because of new market circumstances. Look at how MSFT got creamed even with good earnings, because of their warning of their future growth. MSFT is the bellweather of the techs and is a leading indicator of the tech decline that may have already started.

If the techs decline, AOL will go down even faster.
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