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

To: Ed Forrest who wrote (23274)	6/20/1999 10:35:00 AM
From: Jenne	Respond to of 41369

America Online AOL Ladenburg Thalmann Strong Buy AOL is a favorite stock among many and a bellwether for the Internets. This week it proved its leadership showing a 12.6% gain on moderately strong volume. As the inflation worries diminished, interest rate deliberation subsided, and the CPI report was put behind us, the Internets rallied full-throttle. By Wednesday many of the stocks added double- digits, including AOL who added $11.75. Keith Benjamin, analyst for BBRS, summed it up like this...the "jet is back on the runway and the engines have started". Another analyst from Morgan Stanley, Mary Meeker, admits its "difficult to pick a bottom", but thinks the "worst is over" for the Internets. AOL continues to be one of her likes. Presently, AOL is above support at $105 and $110. This week's rally put its 10 dma behind it at $105. The overhead resistance appears in multiples of 20. It ascends like steps, first its $120, then $140, $160, to the final barrier at the yearly high of $175.50 it hit in April. Look at a 6-month chart for visual application. On Friday, Merrill Lynch reiterated its "buy" rating, but offered no further comments. Ladenburg Thalman also announced an upgrade on AOL from a "buy" to a "strong buy" and set a new target price at $180. It would be nice to see this Internet go back up to that level of trading and perhaps split 2:1 again. You can normally place AOL as a split candidate above $120. We're adding AOL to our call list because we believe the internets and Techs may continue to rally into next week. OPTIONINVESTOR