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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Vendit™ who wrote (21181)	6/10/1999 10:35:00 AM
From: Jenne	Read Replies (1) \| Respond to of 41369

America Online (AOL: news, msgs): This leading Internet company is one of the few profitable ones, but at some point its sometimes-controversial accounting practices may pose a problem. For now, this stock should be near the top of most peoples' buy list. I see support in the $85-$90 range as a likely place the decline in this stock could end; otherwise, the next support is at the 200-day moving average level of $75. cbs.marketwatch.com

To: Vendit™ who wrote (21181)	6/10/1999 11:00:00 AM
From: Steeny	Read Replies (2) \| Respond to of 41369

Vendit, I would agree that a bounce to somewhere under 120 is possible.If you are looking for a sustained bounce on stochoastics, I would say that AOL should have bounced a while ago. This is actually the longest that AOL has gone in 2 years without a sustained rally. I would say that is proof that TA is moot at the moment. Tomorrow's PPI and next week's CPI will determine where AOL goes from here. If you are buying AOL, you are betting against strong #s. It's as simple as that. If we get flat #s, the downdraft continues. There may be a bounce to 117 or so, but it will be another sucker rally unless we get some real changes in the interest rate climate or AOL news.