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

To: Mike Torrence who wrote (21434)	6/11/1999 2:15:00 PM
From: Joe S Pack	Read Replies (1) \| Respond to of 41369

Thread: It is getting difficult to see those who bought above 150 see their asset erode by more than 1/3. My cost basis is much lower than the current price and can withstand. I see these two strong resistences 90( stronger than 105) and if it breaks then to mid 70s to see 200dema. That will be the absolute bottom. If it has to break it will happen with another 5 trading days. If it has to happen, we will see 90 is doable in 5 trading days. Personally I don't belive 70 is reachable. But it is reacheable if there is some goof up by AOL team. I think next weeks FED's move to hick 25 basis point will be a non-event as it has already been factored into the price. FED's rate hick will have more impact on DOW index rather than all already beaten down issue AOL. The best one can do when it reaches 90 is to buy more (say 2/3 of whatever you want to own additionally). At that time I will sell some puts (say 2001 Jan 90 puts) and buy shares or LEAPS depending on' your approach for long term portfolio. And buy the rest when it breaks that resistence. Here is yet another -ve press cbs.marketwatch.com I think our bottom is very close as all mainstream press are pumping this kind of story to create a buying opportunity for all. -Nat