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Technology Stocks : America On-Line (AOL)
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To: Sabrejet who wrote (14048)4/29/1999 4:40:00 PM
From: sam  Read Replies (3) of 41369
 
Believe it or not, fund managers are buying AOL. Check out the blocks that went by today.
thomsoninvest.net

That said, I was surprised we didn't go lower. We still may. But I'm not holding my breath. I'm still of the opinion that we'll be testing -- and taking out -- the 175 in the short to medium term. What would change my opinion? Signs of inflation. Or, better yet, signs that the FED is going to raise rates. Right now there are absolutely no signs of a rate hike this year. And in that environment -- regardless of all the FUD and naysayers who will be praying for AOL to collapse -- it just won't happen. Other nets might falter, but not AOL. At least, not based on any fundamental reason. In fact, imo it'll move toward and likely take out 200. I also wouldn't be surprised to see net investors become much more selective. And that also should bode well for AOL. What's my position? I am long AOL (and a few other nets). But I feel safest here. FWIW
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