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


To: Roger who wrote (26674)7/23/1999 10:26:00 PM
From: Ed Forrest  Read Replies (1) | Respond to of 41369
 
Roger
I saw AOL rise about 2 points in that time period.It might portend well for next week,or not.Just a thought.
Ed



To: Roger who wrote (26674)7/23/1999 11:35:00 PM
From: Jeff Dryer  Respond to of 41369
 
Here's how I make sense of it all:

1. Money managers do not buy based on what the Wall Street analysts are saying to the *general public* for Media consumption. They know analysts, like Mary Meeker, are in the hype/PR business.

2. After AOL announced earnings, Wall Street analysts seemed pretty bullish about AOL and many came out with high price targets like $200 in 12 months. Their "Buy" and "Strong Buy" recommendations were linked into this discussion thread. These are "Buy" and "Strong Buy" recommendations for the *general public*... not the money managers.

3. It is very likely many money managers have been selling the last couple days and have been since the high was reached in April.