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: Quaddad who wrote (4090)	7/21/1997 6:35:00 PM
From: Tom Lu	of 13594

Q: Volumes these 3 days on the downside were relatively larger than usual, it's average daily volume was 1.5M, with these 3 days 2.47, 2.27 and 2.13, and today's 1.8 (on the up-side), when it was at the bottom this round on 06/30, the volume was just 1.34M. Of cource the volume can't reveal for sure it will break through the support, but possiblities are higher on the downside than the up. It's funny to me to conclude a stock being safe at being overvalued based on the market is overvalued. I am not gambling here, as I said, I am not surprised seeing it bounced back, but it's another chance for shorting it, just because it's overvalued, and it will be corrected (so is the market). We may see it being undervalued sometime soon! Tom

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