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Technology Stocks : America On-Line (AOL)

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To: RocketMan who wrote (14839)5/5/1999 11:51:00 AM
From: Steeny  Read Replies (2) of 41369
 
TA: If we close below 115, it is a very negative sign. The long-term trend line rests at about 117. The 50 day MA will also be broken (about 125)> THE CLOSE IS THE IMPORTANT THING. After that, there is very little support in the stock until we get to the low 90s/mid 80s. 100 may have psychological support-It is also the 100 day MA. Probably get a rebound there, but still looks headed for 90.

What can save us:
1. a very weak emplyment # on Friday Less than 190,000 will cause a stock and bond rally.

2. Some good news from the company. Can't imagine what it could be. No chance of a split.

3. Something needs to change the move from high p/e to low p/e. Otherwise this selling might not end until we get to a p/e of around 100. My estimates make that around $60.
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