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Technology Stocks : Internet Guru Discussion -- Ignore unavailable to you. Want to Upgrade?

To: mogo who wrote (1863)	6/13/1999 7:52:00 AM
From: DanielleC	Read Replies (1) \| Respond to of 4337

Reagrding AOL , read this: Closing Bell by IntelligentSpeculator.com This is a review of trading for Friday, June 11. The Producer Price Index figures were released today. They were in line with expectations. However, with the strong downward momentum in bonds in place, no surprising good news and the general consensus that a rate hike is coming at the end of this month after the scheduled meeting of the Federal Open Market Committee, sellers just kept selling. This is a review of trading for Friday, June 11. The Producer Price Index figures were released today. They were in line with expectations. However, with the strong downward momentum in bonds in place, no surprising good news and the general consensus that a rate hike is coming at the end of this month after the scheduled meeting of the Federal Open Market Committee, sellers just kept selling. The September S&P futures contract opened to test the gap overhead in the 132450 to 132900 area. It made a morning high of 1327, could go up no more and basically traded down all day before a bounce going into the close. It broke support at the top of last week's trading range around 1320, and traded through Thurday's low. The lower boundary of support is in the 1295 area with key support at 129050. We fully expect this level to be tested next week. Next week will be a long one, with a slew of economic statistics coming out midweek. Friday will be triple witching, with the expiration of futures, options and options on futures. We are going to look at four stocks today. As discussed, Yahoo had formed a bear flag over the past couple of weeks and on Friday it broke support at $140 on increased volume. The target for this down move will be a test of the recent low at $120. Broadcom is still in a test of top position and if it fails to gain momentum on this breakout right here, many traders will be selling it on the assumption that it has failed at the high. CMGI is a classic broken and is near the first level of support. It tried to bounce this week, but like the rest of the market, it found sellers at the 20-day exponential moving average overhead. It will be interesting to see if it can hold at the $80 level and rebound from there. If not, the full measurement of the triangle formation gives a target of $60. America Online has the same broken triangle formation as CMGI. Support is seen at $90, with a measured target of $64. Please note that YHOO, CMGI and AOL are all trading under their respective 20- and 50-day moving averages and we would expect any bounce to find resistance in those areas overhead. Chart may be viewed at: iqc.com (Voluntary Disclosure: Position- Long; LT Rating- Strong Buy)

To: mogo who wrote (1863)	6/14/1999 6:23:00 AM
From: steve harmon - analyst	Read Replies (7) \| Respond to of 4337

aol - your choice on buy, sell or hold i like aol's market position Of all the Internet stocks I see AOL as the leader with the most leverage. Here's what I like about it: 1) largest ISP in the world with 17 million people paying $21.95 month; 2) Netscape (the Website and software); 3) ICQ, the instant message service with more than 30 million users; 4) capital to ride out interest rate storms 5) stock to acquire with (which AOL has been too quiet with I think). Risks and downsides that AOL needs to address: One of the larger issues facing AOL is one I brought up way back in the quiet years of January 1998: broadband strategy and highspeed distribution. I suggested then that AOL should have acquired cable Internet service provider @Home. Too late now, AT&T owns majority through its buy of TCI. AOL chose to go the court battle way with its "open cable" argument (which may or may not succeed). I think AOL buying into the cable franchise world is a better move. AOL was in the dial-up network business and built critical mass that way. It should think of broadband as a new business which it needs to build up in similar evolution. That means AOL owning a cable system or two, or three. AT&T, Paul Allen's Vulcan Ventures, Microsoft, they all get that owning a cable stake is leverage. Showing up with 17 million dial up subscribers is valuable but AOL ought to cut a deal with some cable firms and get going. I think cable should be open to those that want access but only open for those willing to pay to upgrade the cable system to be able to handle two-way data flow. AOL has the cash, cache, and stock as currency, maybe it's time to cut some deals with Malone, Turner, Redstone and/or Levin. I could see an AOL-Time Warner powerhouse combine, especially with Time Warner's Road Runner cable Internet.