America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: Stacey who wrote (9781)	4/7/1999
From: Lee Martin	Read Replies (2) of 41369

Stacey, We all know AOL has had a tremendous run, and it is technically overextended and due for a pullback and consolidation. I'm ready for this to happen at any time. When it does I will double up on my position in AOL using margin (I'm already fully invested in AOL). I also know there is a ton of $$ waiting to come into AOL on any weakness just as I am. However I believe AOL will go higher before it goes lower. YHOO posts earnings tomorrow. I believe the momentum players will sell YHOO on the good news and buy AOL in order to run AOL up even more in anticipation of a good report and a 2:1 split announcement. Widening our focus the street anticipates a good analyst meeting with DELL Thur. and a good report from INTC next Tues. This will be a big positive for the techs and the NASDAQ which should continue to new highs as earnings come in better than expected. They always do because analysts always get too negative and reduce est. too far, which sets us up for a nice "surprise" as the co's exceed the reduced est. and investor sentiment turns positive. The Dow should follow the NAS to new highs, resulting in more $$ coming out of MM accts. and into the market. Widening the focus further we seem to have gained the upper hand in Kosovo, so the chances that negative news from there will tank our markets seems to be decreasing. Interest rates are behaving themselves for the time being so that is a positive. I'm more worried about the market going down and taking AOL with it, than with something AOL specific. However, I just don't see either happening right now. Bottom Line: IMHO it's not too late to invest in AOL now IF you accept the fact that it may drop 10-15% or more at any time from it's current level, at which time you HOLD or if possible buy more. I'm with the PW analyst in thinking AOL will go through $215 this year (maybe around the time the 2:1 split I anticipate is executed?) and don't recommend trying to time its price movements because for me trying to protect profits has only cost me $$. Hope this helps. Lee

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