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Technology Stocks : America On-Line (AOL)

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To: Craig A who wrote (9869)4/7/1999 4:33:00 PM
From: Lee Martin  Read Replies (2) of 41369
 
Yes!! The momentum players are selling YHOO on the good news which is taking down AOL in sympathy. The smart $$ will take this opportunity to rotate out of YHOO and into AOL. The drop in AOL today will help alleviate the overextended technical condition and "burp" the small weak investors out of their AOL in preparation for the run up into earnings and the 2:1 (3:1?) split announcement that everyone is expecting. AOL is like a beachball being held under water right now, the selling pressure can only keep it underwater temporarily, and after the weak hands finish selling, buyers will come in and pop this stock back up just as fast as it went down.
Regards,Lee
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