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Technology Stocks : America On-Line (AOL)
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To: Technician who wrote (11056)4/17/1999 7:56:00 AM
From: ChinuSFO  Read Replies (1) of 41369
 
<<....but in the short term I do see it trading at 100.>>

Technician, AOL has had a good runup in the past 4 weeks. The recent drop in AOL is not a result of valuation or fundamentals change. Rather, it is the options expiration which is around 140. And the MMs succeeded in closing it around that value. Come Monday, it will experience a runup till earnings which is expected to be around April 27.

Let's hold off on the doom and gloom of AOL.
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