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

To: Teresa Lo who wrote (24136)	6/26/1999 6:17:00 PM
From: Bridge Player	Respond to of 41369

<< Most of the people on this thread are long players presumably still holding from higher levels and you know what would happen if I had "more bad news" and used the words "sell the bounce at resistance overhead", right? Beaten in a dark alley, chastised for "scaring" small players, you know the drill. In case you haven't noticed (e.g. your replies to my analysis) there is no free speech allowed here on SI. The thought police are everywhere. Many are unhappy and looking to vent and give criticism. People look everywhere to lay blame rather than acknowledge that it is the reflection in the mirror/lack of discipline/risk and management skills is the place to start improvment if investments are not working out "as expected". >> Very well and accurately stated, IS. I do appreciate your posts and find them helpful and thought-provoking. BP

To: Teresa Lo who wrote (24136)	6/26/1999 6:23:00 PM
From: Steve Robinett	Read Replies (3) \| Respond to of 41369

IntelSpec.Com Ah, substance at last. It is undeniable that AOL is in an intermediate-term downtrend. Anyone who thinks a stock moving from 175 down to the current 103 is in an uptrend needs lessons in how to count on his/her/its fingers. And trading with trends is mother's milk, obviously sensible, though at the moment I'm trading against that trend. Certainly trading with trends is more useful than trying to call bottoms or tops. We'll save for another day the discussion about whether TA is anything more than self-fulfilling prophesy combined with wishful thinking. As for the AOL-thought-police on this thread, they probably have too much of their money tied up in one stock and mistakenly think something said on this thread will influence trading in a stock that trades 20 million shares a day. Obviously, that's silly, but then aren't most thought-policemen. So don't worry about criticism. As a wise man once said, anyone who does anything gets criticized. Best, --Steve

To: Teresa Lo who wrote (24136)	6/27/1999 1:05:00 AM
From: bobby beara	Read Replies (2) \| Respond to of 41369

>>>>AOL is in a downtrend and when the bounce failed at the 20EMA as expected, get out of longs and/or get short<<<< IS, i played the bounce, but can you comment on the the classical turn of support into resistance at the 112 area, which puts the burden of proof on the bulls. Yes we do have an inverted H&S pattern, but those classicly fail in bear markets, like they classicly fail in bull markets. Since the internets lead the way to new highs last fall, i believe they have a special significance to overall market direction, more on an emotional/psycological level than most in the business will submit too, thats why i find leader AOL's chart keeps me on the question side, until proven otherwise. We have been in a bear market in the US bonds for over 8 months now, an equity market that has diverged from this fact and from a/d and mo's is somewhat suspect don't yu think. The most probable situation seems that we get a .25 rate hike and an earnings season rally, however too many people are banking this and that also makes me suspect. bwdik, bb