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


To: ChinuSFO who wrote (31779)9/29/1999 1:38:00 AM
From: Sonny McWilliams  Read Replies (2) | Respond to of 41369
 
I don't believe that AOL would just buy Athm. I don't think this would be possible since there are too many fingers in the pot when it comes to Athm. Those rumors about a more complicated deal makes more sense. This Athm and Novl stuff was just in answer to a post to me by Brian. I can't imagine why AOL would want to buy Novl. But since I own Novl I would not mind.

As for why AOL would want to buy Athm or other cable cos. Maybe AOL is bowing to continued pressure by analysts that a deal in cable is needed. And then there was this call way back by Steve Harmon that AOL should buy Athm if I remember correctly. I owned Athm back then. A lot of water has gone over the dam since that time. Maybe AOL is getting tired of its stock being trashed. What do I know. Anything to bring the shareholders value back up is ok by me. gg. BTW. As far as I can remember AOL never ruled out getting into cable. They just were not in a big rush. DSL was more on their agenda.

I guess everybody knows about that market call by Ralph Acampora. I heard that traders were opining that they are taking this call as a good indicator that the end of the down turn is imminent. Let's hope so. In any event: Ralphie said that AOL, GE and Msft were a buy. How about this from a guy that thinks the market could go to 9200 or even a bit lower. But then again, he did say this could happen if the 10.000 mark on the DOW would be broken. Of course, he nixed his call of DOW 12.000 or more for this year. So maybe DOW 12.000 could be a sure thing for this year. gg.

The other buzz is that internet stocks could go up again tomorrow due to that internet economy conf. in New York.

Besides the call of a 200 target for AOL some well known brokerage called for an even higher target today: About 211. I can't remember the name right now.

Globex is up. Maybe we will see another interesting day on Wednesday.

Another view on why the market tanked today. The Chief economist on CNBC thought it was Mr. Clinton's veto of the tax bill.

Sonny