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

To: Tom L. French who wrote (21280)	6/10/1999 10:07:00 PM
From: Susan Saline	Respond to of 41369

thanks for the technical read .... very clearly described

To: Tom L. French who wrote (21280)	6/10/1999 10:40:00 PM
From: Stephen M. DeMoss	Read Replies (2) \| Respond to of 41369

For a variety of reasons, I believe AOL will break out to the upside in the next 2 weeks. Want to know my reasons? 1). Most posts on AOL here are either negative or fearful. Contrarian indicator near term. 2). Money flow into AOL has remained positive despite the stocks slide. 3). The internets tend to rally from YHOO's earnings (1st week July) till all reports are in. Then they cut in half shortly afterwards, before starting the cycle again. 4). Of the internet stocks, AOL (rightly or wrongly) is considered the blue chip. IF the markets have another leg up, which I personally believe it does, AOL will make another insane run to at least the 150 level before the end of August. This is one man's opinion. If the PPI and CPI are much stronger than expected, that could tank AOL and the general market. To me, its a little too early for the markets to tank (need to get a little closer to Y2K). One more run is my guess, and AOL will be going across your screen at numbers quite a bit higher than today<G>. Only one man's opinion. Steve D.