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Technology Stocks : AMERica on-Line, Another over valued company?
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To: Zoltan! who wrote (90)5/19/1996 10:00:00 PM
From: Frank Chen   of 222
 
Duncan,

I feel like that I should at least put some money in the position I was predicting. Anyway, it's too late. I think 45 is the next support level. I might take some time for AMER to get there. I would call it a buy if it went below 45, but I'll limit myself to short term play only. Any good or bad news can shift the direction in 10mins for AMER.

Thanks for telling me about the report, I don't think that'll have a dramatic impact on the stock on its way down. Actually, one of the reason it's going down it's because of its valuation is too high comparing to other online services.

Expect other online services to announce sil=milar pricig plan in the near future. Prodigy could be a speculative buy now. I'm waiting to see what's going to be their new strategy.

Frank
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