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


To: Venditâ„¢ who wrote (21318)6/11/1999 8:03:00 AM
From: tradesman  Read Replies (1) | Respond to of 41369
 
Vendit,

What's your take on the AOL chart for the last several months? I've seen several comments refering to a "trading range" and can't agree with the term and definition as applied. The pattern, as I see it can only be called a down trend at this point, where share price has slowly and methodically broken each support level in it's decent.

Several weeks ago, some were saying 80 is the next stop. At the time, I was mentally saying "no way". At this point, I see 80 as a real possibility. I personally have started to turn negative on AOL due to the continued trend and profit errosion (mine).

What's your opinion on the "trend"?