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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Teflon who wrote (28305)	8/17/1999 8:06:00 PM
From: t2	Respond to of 74651

Teflon, When i was shorting AOL and Amazon, i was amazed that Amazon was holding up much better than AOL. I would have expected AOL to have better support. This tells me and others (particularly those that like to trade this stock short) that there are better short candidates than Amazon. The rebounds in this stock were incredible. That is why i plan to add a bit more to my current long position for a short term gain of about 10%. Now at 109, i would expect to see 125 by the end of the week. Might even try some short term options on it. On the other hand, AOL might still be a great long candidate simply because all that institutional selling pressure might simply disappear. The fund managers might rethink their selling plans after witnessing the rebounds in stocks like Amazon. It has not gone over 100 even in this environment. If we see a rally, i would expect AOL to finally be a big participant.