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

To: linsol who wrote (37451)	1/12/2000 3:53:00 PM
From: Bazmataz	Read Replies (2) \| Respond to of 41369

for the record, when institutions just "buy and buy", stocks generally don't decline by 7% in one day and 19% in three days... that's usually when the institutions are "selling, selling, selling." eom

To: linsol who wrote (37451)	1/12/2000 4:07:00 PM
From: Islander99	Read Replies (1) \| Respond to of 41369

Things are kind of quiet now. I didn't notice any confusion among the institutions, just look at the size of the trades. They are buying and buying. That means the selling pressure is higher than the buying pressure. (Or else the price would rise.)

To: linsol who wrote (37451)	1/12/2000 4:26:00 PM
From: Zoltan!	Read Replies (4) \| Respond to of 41369

TA on AOL is extremely bearish, despite the relentless pumping by managers and analysts, especially strong on CNNfn, AOL is trading below its 200 day moving average. The perception is clear that Case recognized that he had built a house of cards, one that could never justify its current valuation. So he threw a hail Mary. During its 15 years of existence, AOL never created any viable content of its own. Time-Warner was supposed to fill that house of cards with cement. No longer a pure internet play, the momentum players have moved on.

To: linsol who wrote (37451)	1/12/2000 6:41:00 PM
From: Rob S.	Read Replies (2) \| Respond to of 41369

<the institutions ... They are buying and buying>. I don't think you can say that they are buying forcefully . . . yet. There are still some institutions selling like lemmings. Some of these institutional guys (or gals) are of just normal intelligence and laziness - they are sometimes asleep at the wheel and late to get in or get out. The sharpest ones got out a while back to take profits or when the TA started to deteriorate or in conjunction with the split. The TA does not show that there is accumulation. About all that I can see that might lead to a belief that some institutions have been accumulating over the past couple of days is that some accumulation and money flow indicators don't look as bad as the price decline - the indicators have diverged. Quite the contrary; this shows that investors have been dumping this pig big time. What the TA does show is that the decline has been to the extent that the sell off is over-extended and due for a reversal. I think it will bounce nicely but will probably be near this level again within a few weeks. Moves like this often retest.