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

To: Joe S Pack who wrote (28019)	8/4/1999 8:19:00 PM
From: Stephen M. DeMoss	Read Replies (1) \| Respond to of 41369

Nat, Thanks for your response. I called in re: the leaps today. The Jan. 2001 90's were about 28-29 and the Jan 2001 100's were about 25-26. The biggest concern to me right now is the selling of Ebay, Amzn, Seek (even with Disney's promise to buy the rest of it), etc. Aol and Yhoo are both below their 200 and 50 moving averages. I have been looking for some, even fake out, rally. But instead they are dropping with no sign of selling out. Unlike the other naysayers here, AOL, Yhoo, Seek, Ebay, Amzn, all will be around for a long time. The question to me is if this is punch one of a one-two-three (ie. rest of the market correcting and then Y2K related issues). EBay was at 160 4 weeks ago, Yhoo was 70 points higher 3 weeks ago, etc. They keep shedding 2-5pts daily. My feeling is we need to stay on the sidelines for a couple weeks or even till the end of the year. When some sign of stabilizing happens, begin nibbling on leaps. AOL is a great company but if the market joins the selling (ie the indexes) and Y2K becomes a bigger question mark, we may see AOL allot lower. I have made allot of money in the internets the past year and gave a nice piece back this past month. Starting to think cash will be king Jan 1 2000. Thanks again for your input! Steve D.