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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Foad who wrote (21615)	6/22/1999 12:06:00 AM
From: Clint E.	Read Replies (1) \| Respond to of 70035

Foad, I wish I were around last week to grab some shares of aol, athm, yhoo... at their lows. Looks like I missed a good shakeout. But, as we say in our country, "the fish is always fresh anytime you catch it"!! AOL? Suresh asked me the same question a few weeks ago when AOL seemed to be on the verge of breaking the 120 barrier(trading between 115-119). My answer was that it needs news, news, news. Obviously, I meant positive news but instead it received a few negative news one after another(free web, drop in subs, drop in web traffic,..). It is now almost back where it was a couple of weeks ago and I think the same answer should hold. I think if it breaks 120 and closes above it for a couple of days(trade between 118-124 intraday), it could trade up to high 130s. It may not sound too exciting but just remember that the stock is already up ~50% this year vs. yhoo's 35% and amzn's 15%.