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Technology Stocks : America On-Line (AOL)
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To: Sophia Ashley who wrote (7718)3/24/1999 10:02:00 AM
From: Mark  Read Replies (2) of 41369
 
My guess is that the selling in AOL is temporary and should be over today or tomorrow.

I wonder, AOL is announcing layoffs today, people are nervous and have options that are vested. If you get laid-off you don't have a whole lot of time to excercise. Could some of the selling pressure be from 700 nervous Netscape employees selling shares? If this is the case I expect the selling to be very temporary.

Anyway, I expect AOL to hit bottom sometime today and to begin its recovery later today and tomorrow morning. They have a good track record of hitting new highs, consolidating and then recovering to new highs.
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