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Technology Stocks : America On-Line (AOL)

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To: Pruguy who wrote (18281)	5/24/1999 11:23:00 PM
From: Robert Brooks	Read Replies (1) of 41369

From the Street.com: "The Internet sector was particularly hard hit. There were reports that Prudential Securities technical analyst Ralph Acampora issued a "cautionary note" on the Internet group to Pru's sales force today. In the internal call, Acampora reportedly warned "certain support levels are being tested" by several names in the sector. In addition, fears continued about rising interest rates, while profit-takers emerged during what is usually a slow period for the sector. TheStreet.com Internet Sector index closed down 46.7 points, or 7.5%, at 576.6. Acampora reportedly cited America Online's (AOL:NYSE) April 19 low of 112, saying the stock could fall to 90 if that level did not hold. AOL closed down 6 15/16, or 5.5%, at 119 1/2. He also reportedly mentioned the March 4 low in Yahoo! (YHOO:Nasdaq) at 146. Yahoo! closed down 13 7/16, or 9%, at 137 7/8. "

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