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

To: Vendit™ who wrote (34094)	11/15/1999 11:06:00 AM
From: Brian Malloy	Read Replies (2) \| Respond to of 41369

I'll add one thing, we need confirmation. A good sign would be closing above $150 on a high volume day. Then trade above the $150 level for a few days. We have slowly been working off overhead resistance to this point. The crowd that bought at say the $120-$150 level last winter/spring, held through the downdraft, and simply wanted to get out once they "made their money back" have had the opportunity to do so. Previous trading in the $150-$170 range in April '98 was of relative short duration and active trader/momentum based in my opinion. Thus, once this little resistance area is cleared the stock may move to the $162.25 level or $175 level but there is not much to keep it from running to the $200-$220 range in short order either. Downside is the $130's. QCOM has captured the attention of many on SI at this time and rightly so. As the volume of posting begins to increase on the AOL thread then it may indicate increased interest and buying at the retail level. IMHO