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

To: Sonny McWilliams who wrote (27611)	8/1/1999 9:37:00 PM
From: Hobie1Kenobe	Read Replies (2) \| Respond to of 41369

Sonny, IMHO it was a transparent effort by short traders (accomodated by CNBC who by definition loves a story) to take AOL down thru it's 200 DMA. It will certainly be interesting in the morning to see if AOL has the bounce it has in the past when approaching this figure. My guess is that it bounces again. Good trading/investing!! JF3

To: Sonny McWilliams who wrote (27611)	8/2/1999 1:16:00 AM
From: bundashus	Respond to of 41369

here is acticle that I get with my email updates The INVESTools Advisory, July 26-30, 1999 By John Brobst, Editorial Director, INVESTools.com 1. AOL on a Roll Despite Shorts (AOL) America Online (AOL) recently posted Q4 1999 earnings almost three times those of a year ago. Impressive gains in revenues from online advertising, e-commerce and new subscriber growth propelled AOL's earnings past Wall Street estimates by $0.03 per share. Analysts are bullish that AOL's recent purchase of Netscape Communications will give the firm a significant portion of Internet traffic, and an alliance with Sun Microsystems should further grow AOL's e- commerce revenues. Bernie Schaeffer points out that despite AOL's good results, option players are betting heavily that stock in the online leader is headed for a fall. AOL is currently the 14th most heavily shorted stock on the NYSE. Put players recently added huge numbers of contracts at the August 110, 115 and 120 strike prices. This is a bullish sign to the contrarian Schaeffer, who holds that most option investors are wrong most of the time. Momentum is one factor on AOL's side. AOL recently took a breather after a seven-month run that propelled the stock upward by more than 900%. Schaeffer notes that AOL appears rested and ready for another run. "During its recent travails, the stock relied on its 10-month moving average, which has contained all intramonth pullbacks since October. Last month, the 10-month trendline served as a foundation for AOL's rebound," he said, and it should continue to do so. Schaeffer recently recommended buying the October 115 call (AOOJC). For more on Bernie Schaeffer's recommendation see "Aggressive Portfolio," August 1999, The Option Advisor. Bernie Schaeffer provides practical options recommendations that are simple to understand and execute. For a 30-day free trial go to: member.investools.com