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Technology Stocks : AMERica on-Line, Another over valued company?
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To: Meng Soon CHEO who wrote (72)5/10/1996 1:18:00 PM
From: Frank Chen   of 222
 
After a 17% drop in the last two days, AMER is stabilized at 59 now. I think the stock will go up in the near term back to >60. The drop this week didn't break any key support levels. The stock have to penetrate the 55 level to inflict some real damages. Shorts are in extreme danger if they get into a position at the present level. I would suggest selling above the 65 level, seems like the stock lacks real strength to hold itself above that level.

BTW, the Japanese market is not so easy to penetrate, it's easier said than be done. I don't think it's a wise decision on AOL's part. Basically, they're spending money on Japanese users who're more expensive to acquire, more picky about service (which AOL receives lots of complains recently in the states). The results might be a money losing scheme for AOL. Their partner in Japan doesn't really have the muscle and connections to do the massive marketing AOL's doing here.
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