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

To: bobby beara who wrote (22598)	6/16/1999 2:30:00 PM
From: Steeny	Read Replies (1) \| Respond to of 41369

BB: do u have any thoughts on triplewitch Friday? Also, what is your time-frame on getting to $50?

To: bobby beara who wrote (22598)	6/16/1999 4:59:00 PM
From: john douglas	Read Replies (1) \| Respond to of 41369

bb, the huge volume and record one-day NASDAQ point gain suggest something other than a counter-trend rally. They suggest instead that AOL, and many other high tech stocks, put in lows last week. Now I expect a period of sideways consolidation. My take is the Fed raises 1/4 point and then reverts to a neutral bias; the markets react constructively and build support at current levels. Then as upside Q2 earnings are reported the markets will begin a move to new highs. Agreed that AOL ran ahead of itself earlier this year, and AOL may not see new highs for 9 to 12 months, but make new highs it will. If you really believe AOL is headed to $22, then load up on deep out-of-the-money puts, put your feet up and retire a billionaire next year. Good luck to you. jd