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Technology Stocks : America On-Line: will it survive ...?
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To: James F. Hopkins who wrote (6425)12/15/1997 1:05:00 PM
From: IKM  Read Replies (1) of 13594
 
In percentage terms, that's not even a one point drop on a $30 stock. Another down day, and maybe the beginning of a rout, but today isn't THE rout thus far. I agree we're heading lower, but real corrections are water torture. Shocks are followed by bargain hunting while astute observers take the opportunity to protect their wealth. It takes a while for most to get it. Market analysis is always very clear in hindsight.

Sitting on a pile of cash, one long, and two shorts and loving it!
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