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

To: Tom Tallant who wrote (27941)8/3/1999 6:00:00 PM
From: Steve Robinett  Read Replies (1) | Respond to of 41369
 
Tom,
You comment to Rarebird that Today when it hit 86 was a near-term bottom or close to it. The volume confirms it.

But not the price movement. The high volume was significant and probably had to do with people bailing ahead of AOL breaking the 200 DMA. As I commented to Greg (https://www.siliconinvestor.com/readmsg.aspx?msgid=10805404), price movement today was not significant, less that one standard deviation below the past month's volatility. Calling tops and bottoms is always difficult. Consequently, I measure things to get something like an "objective" standard rather than wishful thinking. Though I too have traded AOL for quite a while--actually, since before this thread existed, back when the AOL thread was subtitled "will it survive"--I'm going to step aside until the situation becomes a little clearer.
Best,
--Steve



To: Tom Tallant who wrote (27941)8/3/1999 9:39:00 PM
From: bobby beara  Read Replies (1) | Respond to of 41369
 
<<<<<I have a heard time believing someone who believes we are now in a bear market and should invest in gold (not to mention y2k,should we build a shelter?). This happens every summer to the techs and particularly the i-nets<<<<<

This happens every summer

Now Tommy Bulla, this is just the complacency you would expect at the top. People were worried in 1996, 1997, 1998, but in 1999 it's just another dip -g-

bb


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