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

To: im a survivor who wrote (27672)	8/2/1999 2:56:00 PM
From: Olu Emuleomo	Read Replies (1) \| Respond to of 41369

>>>I tend to disagree. $90 looks tough, but certainly it wouldn't take much to breach $90, and possibly even hit the $70's.<<< Well, we are from different schools of thought. I prefer Technical Analysis to any other method of picking and trading stocks. AOL's 200day EMA is at 94. AOL has NOT closed under its 200day EMA for more than a year. If it does so now, then things are bearish. Now, I did not choose 94 as my sell point. I chose AOL prev. bottom (90, in June). A close under 90 means you are justified in selling your position, because most likely, something is wrong with the stock. Thus, if you buy anywhere under 95, you risk $5 loss vs $20 gain if you sell at 115, which is where I see "resistance".... (Even at 110, its a 3-1 profit/loss scenario!!) Of course, its different opinions that make a stock market. Good luck. --Olu E.

To: im a survivor who wrote (27672)	8/2/1999 5:36:00 PM
From: Frank Ellis Morris	Respond to of 41369

>>I look at it like this....I don't know where the bottom is, nor do I know where the ceiling is. I do know that AOL is one of, if not the best internet stock to own. Todays bottom, and tomorrows ceiling is of no consequence to me......where will we be next year at this time....the year after...that is what is significant to me, and I firmly believe we will be much higher. Those that have been in aol awhile will testify that you will drive yourself insane trying to time this stock, or let it's daily volatility get to you. Best bet is to just relax and don't worry about things unless something fundamentally changes within the company. The only major change I see, is that AOL is becoming more of a cash machine quicker and sooner then I anticipated.<< Nice Post and it seems to be the best way to view the stock going forward. I don't know if it is a yearly tradition for stocks to sell off between August and September but AOL is well established and has built a dominant structural force going into the next century. Yes it is difficult to see strong buying in the morning to be met with selling in the afternoon but there is no other game around for the long term then to sit, invest and wait for our time to come. Best Regards, Frank