SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : AMERica on-Line, Another over valued company?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Zoltan! who wrote (99)5/23/1996 12:40:00 PM
From: Frank Chen   of 222
 
Duncan,

Looks like the 45 support predicted last week will be very strong, judging from the slow pace AMER is approaching 50. And the volume is picking up again. My reading on this is that the shorts are not taking the profits and patiently waiting for further drop before buying back. The sliding in price this week is largely due to the unloading from the long side. This kind of slow deteriation is a warning sign of further drop.

Another thing worries me is the broader market. If AMER goes below 50, the same kind of nervousness might trigger a selloff.

It's too late to short the stock now, there's not much downward potential left to justify the high risk. If you're on the long side, this might be a time to take your profit and be cautious.

I think it might be a good idea to transfer the money into CompuServe, which is safer and fairly valued.

Frank
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News