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Technology Stocks : America On-Line (AOL)

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To: Boplicity who wrote (20096)6/4/1999 10:05:00 AM
From: RocketMan  Read Replies (1) of 41369
 
Geez, with everyone on edge, I sure am glad that sailing season is here! AOL will be fine, let's just enjoy life and wait for it to recover. This stock goes to pot every summer, then recovers in late summer or fall. My target for year end was 150, and I still hold to that, although we might see 80's as well as new highs between now and year end. In markets like these, I'm glad I'm not a trader, I would be losing my shirt. I think we have been seeing systematic selling, and someone posted last week or so that it might be insider sales, maybe from stock options? And that these should end by the middle of the month. Not many buyers of any techs this time of the year, so the sales are not met with much buying, thus dropping the price. Unless you need the money, let it go to 85 if it wants to, it makes absolutely no difference to where this stock is going in the long term.
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