America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: Annette who wrote (19101)	5/28/1999 9:26:00 AM
From: Dennis J Baltz	Read Replies (2) of 41369

Good Morning Annette Words for Friday, we have several negative factors gaining speed. The S&P is trading under 1300 and the Russell-2000 looks like it did a double top at 450 and has now reversed downward. We are definitely at a critical point in the market direction and we have a long weekend staring us in the face. I think internet stocks have bottomed or are very close but I wouldn't start any new positions until Tuesday the earliest. I expect low volume with this afternoon acting like a sleepwalk. But on low volume we may get some exagerateded swings. I'm going for a walk on the beach (I live in Florida) and will get serious starting Tuesday. Have a nice holiday weekend everyone, Dennis PS I DON'T see a rise in interest rates in the near future.

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