E. Thanks. I appreciate it. If I am reading between the lines correctly, you are confirming my belief that there is no clear buy or sell signal in the chart. INTC wasn't enough to clobber it.
But after the close MOT warned, and just before the close, I saw this in TSC:
thestreet.com
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Top Stories: Jupiter Conference: Amid Internet Dreams, a Dose of Reality
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America Online (AOL:NYSE) Chairman Steve Case disclosed a sobering statistic Thursday.
A year after AOL debuted 56 kilobit-per-second telephone connections -- the fastest links you can make through conventional phone lines these days -- members are using 56 kbps modems less than 1% of the time, Case said at a high-profile Internet industry conference today.
"That does not bode well for the pace of new technology," said Case,
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Amazon.com's Bezos pointed out that when potential customers visit his upstart bookstore on the Web, they're connecting from work 70% of the time -- a statistic that he attributes to people's impatience. They'd rather connect from the office, where they likely have an instant connection to the Net, than from home, where they'd have to boot up their computer and wait around for their modem to dial into a Web connection.
"The smallest amount of friction can stop people" from visiting sites like his, Bezos said.
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On the other hand, like Rocky said, today's recovery in AOL was pretty impressive. Looks like I'm going to just have to tough this one out. |
