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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: drsvelte who wrote (21501)6/10/1999 2:29:00 PM
From: Clint E.  Read Replies (1) | Respond to of 68193
 
thanks. I regard this news as sort of pre-earnings announcement, curbing any unreasonable expectation of huge subscriber growth, which should be positive for AOL in July.

Since this news is "earnings-related", something that we haven't seen from a big tech company up until now, the market(mostly us uninformed traders) is going to have to digest it first.

I really think(because of the way the stock has been acting), that this has been known by WS firms for a while.

Let's see how it closes. So far it looks OK, holding above 105 with relatively lite volume.