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Technology Stocks : America On-Line (AOL)
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To: Jenne who wrote (11097)4/17/1999 11:02:00 AM
From: Ray Dash  Read Replies (2) of 41369
 
Welcome to Wall Street, Jenne and everyone,
What we have witnessed in the last few months has been the classic Pump and Dump. We all know of the high institutional ownership of this stock but institutions have limits on the percentage that any one stock can have in their portfolios (unlike most on this board).Due to the runup of the last year they knew they had to sell some shares and simply wanted to top them off nicely.This was the reason for the onslaught of price predictions and recommendations. Unfortunately, the unsuspecting and relatively inexperienced are left holding the bag. The only recourse is to hold those shares with a vengeance.

Good luck,

An old Dog who wishes he had kept those 200 AOL shares back in '95.

PS, The descending RSI peaks clearly signaled this pullback. Money Flow was also descending as we were topping off.
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