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

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To: Stephen who wrote (9013)3/24/1998 6:38:00 PM
From: John Albert Moro   of 13594
 
I covered my short way back around Dec.18th when the stock was around $84.00, that day if you remember the stock market was down around 200 points but AOL was up @2.00. Just like yesterday the market is down 90 points and the stock is up. This pup is even going up more before its long awaited descent. They're not innovators like many companies which command high multiples, heck they're just a glorified ISP, but just like McDonald's they are a brand name and when earnings again mean something to this market then and only then will this thing come down. If you remember last April when poor earnings cmae out the Naz got massacred, it will be the same this time around. Already INTC and CPQ have preannounced, today I believe PRIA forecasted weak numbers and after the bell Coms came up short. Only buying puts these days.

Jam
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