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Technology Stocks : America On-Line: will it survive ...?
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To: Mark The Trader who wrote (96)9/2/1996 7:35:00 PM
From: Carlos A. Lima   of 13594
 
Hi Mark, first of all let me apologized for having replied to the wrong person. I'm still trying to figure out how this forum works.
With respect to AMER, I totally agree with you in your analysis. I have already talked to about ten traders about their opinion on AMER, and they all told me
the same thing that you told me which I already knew. And this is exactly my point: people have already known this for a while and I believe it has already been discounted in the price.
By facts, I meant what's going in the present. They do have profits now, it's not a projection into the future. It's a fact.
The downward momentum has stopped at the moment. Price crossed above the declining intermediate trendline, pulled back and held above the trendline. Which is a fact.
Moreover, the rectangle in which it is currently trading increases the PROBABILITIES of a trend reversal, which as you pointed out might reach the upper 30's (perhaps 38). And I'm just talking about this short to intermedite movement for now -about 27 %, with a very small risk, right below the current rectangle.
And again, the company and it's service suck, but its stock behavior, might represent an atractive buying opportunity with a small risk/reward ratio.

Carlos
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