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

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To: cody andre who wrote ()9/12/1996 9:26:00 PM
From: tom pavlish   of 13594
 
to all
I m short the stock since 31
y; besides all the reasons already given,
the stock keeps going down with positive news releases,
a dow that is going through the roof and a strong tech sector.
what if we see a bad news release, a weak market or a weak tech sector
where do you thing it will go.
not to beat a dead chicken, the funds must b bailing out of this like a crew leaving a sinking ship.
These funds know something that we r not aware of yet but can only guess.
I see support in the low 20s then some "fib" bounce , then it should resume its
trek down.
Of course all this assumes no 1 will jump in and bail them out..
I will be covering in low 20s, then will get short again if get bounce.
just an opinion tom p
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