America On-Line (AOL) Message Board

STOCKTALK

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 (AOL)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Vendit™ who wrote (18388)	5/25/1999 4:04:00 PM
From: Steeny	Read Replies (1) of 41369

TA: The solid trendline we were on has now been crushed. If we add up volume for the past few sell days, we can see a solid liquidation. ALL technical supports that I know of have now been breached. ALL rallies have been extinguished. The next support base is 110(100dma). This should have some stochoastic support. Below that, there is a very longterm trendline at about 100. IMHO, we are headed for 92-100. This would represent a 50% 1 year retracement from the highs. 92 is also the 200dma. We should also see a tough area at Nsdaq 2000. SP1300 and 1290 fell fairly easily. S&P supports are 1279, then 1268. Upside, 120 will now show resistance, followed by 125(2 pockets of heavy trading).Next is 135 (25 and 50 dma). 140-145 is the heaviest area of resistance. Fundamentally, AOL is fine. I do not think this selloff is about AOL. It is about the high PE dump continuing. There is a growing view that internet stocks do not deserve their PEs, especially relative to computer firms. I would not be surprised to see a longterm valuation of AOL at around 2 or 3 times the major computer firms.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next