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


To: jmanvegas who wrote (32122)10/2/1999 1:53:00 PM
From: larry  Read Replies (2) | Respond to of 41369
 
Good analysis. I am not sure of ATHM deal, but AOL was grossly overvalued by any means. It is a good trade from 80s to 100s. As far as market crash goes, we are in October, and we should have some bumpy days ahead. Heck, we have not had DOW down 300 point days this year, so far.

larry!



To: jmanvegas who wrote (32122)10/2/1999 4:09:00 PM
From: craig crawford  Read Replies (2) | Respond to of 41369
 
>> A move down to $85-90 level you suggest would be a convincing triple bottom and an enormous buying opportunity long term <<

It is accepted in many TA circles that triple bottoms are less convincing than double bottoms. A strong stock wouldn't need to test that level for a third time.

>> If you are correct, then a triple bottom could set up a once in a lifetime buying opportunity for AOL. <<

I remember when people on the ASND thread spoke bullishly of a triple bottom at around 40 a couple years ago. It then sank to 23 and languished for a while before finally turning around.