Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Olu Emuleomo who wrote (27679)	8/2/1999 3:05:00 PM
From: Vendit™	Read Replies (2) \| Respond to of 41369

Olu Emuleomo 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!!) You and I are on the same page. Your above remarks are right on the money. A breach too much lower then where we are now will leave AOL without a solid support level. History is showing that now is the time to buy. I expect a rebound this week from here. A buy much below this level would not be a wise move IMO. Vendit