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: steve lipson who wrote (4624)	8/29/1997 5:20:00 PM
From: J.S.	of 13594

Steve, "What are you guys smoking? And can I get some. <g> How on earth can you get an indication of a coming freefall from AOL's trading pattern this year. Of course the stock has traded down for a few weeks." It is breaking through its 50 dma. For the past year it has consistently bounced off of it. For many traders this is a sign to sell. As you can tell from this thread, Steve, not many value oriented investors like AOL. Who is left? Did you ever notice that the only threads that are even moderately bullish on AOL in the whole of cyberspace are found on AOL or AOL-linked (FOOLS)arenas? Also notice that most brokerages have yet to to give earnings forecast revisions for AOL and have not reiterated their ratings. When they all finish selling and AOL is properly valued or even undervalued then they will issue downgrades. Joe

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