America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: robert duke who wrote (19719)	6/3/1999 12:36:00 AM
From: HECTOR RUBERT	Read Replies (3) of 41369

Dear Robert, like you I too hate to see AOL go to 105. However, while all the SHORTS are screaming about going to 65, 75, and 80. AOL has tested the 105 level twice now and has bounced off strongly. That means that their are many SHORTS out there with open positions looking for these levels. However, AOL needs only to make a major announcement and the tide will turn fast and furious. The run up today was only SHORTS covering.....after which the buying slowed and the weaker hands sold off. What I take from this is how strong AOL rallied from 106 to 115 without news. There are a lot of SHORTS out there and their short covering can really move AOL. Just hang with me on the waves...our BIG SURF is coming soon. Best Regards, Hector

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