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

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To: Harry Larson who wrote (4533)8/20/1997 1:20:00 AM
From: Getcher   of 13594
 
Gentlemen,

There are oh so many reasons AOL should go down. Wouldn't worry about the "Fudgery" in their accounting. The market knows they've palyed around (at least those in the market that matter) and they discount their numbers as a loss, it is enough. The size doesn't really matter ... just RED not BLACK.

AOL tried two days in a row to have a go at below 50 DMA. Both time it grunted and scratched the ground like a bull facing the Matador. I believe we try again tomorrow and we bounce big time. Which way ... I wish I knew (although with the straddle I really don't care! I'd love to see up to 72, sell the call portion, and then watch down to 50's).

Looking for some confirmation from ya'll as to where you see short-term stock direction. If goes to 50's, then WHEN?
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