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 (4684)	9/6/1997 2:17:00 AM
From: Getcher	of 13594

Steve, You must know that we had the double top last time it hit an interday $75! We went trucking on down to the support line at around $63 and did the infamous (10 times in a row now) bounce off of the 30 day MA. Now we are in poor territory. She has settled 2 days now at $70. One more day between 69-70 and I see her marching to that same drum beat down to 64 area trying once again to test the support line (which is slowly edging up locking her into a narrower and narrower trading range --- which is shown by the lower premiums on options lately). One of these days Alice ... Bang Zoom to the Cellar!! It will only take one shot below the 30 day MA on a close to move her down to the 53-57 area from there. Me ... Often ... Guilty as charged!!!

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