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

To: JDN who wrote (39389)	3/30/2000 6:59:00 AM
From: tradesman	Read Replies (1) \| Respond to of 41369

JDN, the opinion exists that Cohen simply called the signal to sell, in order for the portfolio managers to sell into the recent window dressing strength, thereby locking profits for quarterly performance reports. She was said to have been somewhat unconvincing in voice and manner. Although I didn't see her, I tend to agree with the analysis. The net has brought us all to news and events at lighting speed compared to just a few years ago. It has also facilitated an awareness of events and history which was previously clouded and shrouded in time lag from event to receipt. I think we just saw history repeat itself in typical manipulation fashion. Regardless, I think AOL's recent run was related to expectations generated by Case's suggestion they were negotiating with T. T dropped a hard ax on that (twice) suggestion. I think this, in large part, caused the AOL decline. On the other hand, Case typically comes back with great news to counter substantial negative news, so, we'll see if he has another trick up his sleeve.

To: JDN who wrote (39389)	3/30/2000 11:58:00 AM
From: Sonny McWilliams	Read Replies (1) \| Respond to of 41369

JDN. Yes. I agree with you that she did not come across as an alarmist. But even the subtle hint for us to lighten up on techs did the trick, didn't it? Fine. She let us all know that she took 5% out of the market. But why go on and tell us to lighten up on techs and then we find out they invest some more in tech the next day? The whole point for me is: Why appear all over TV right at the end of the quarter? Are we too dumb to know that her S&P target was nearing? She had a target of 1525 or so and then raised it a cpl of weeks ago to 1575 and to the high 1600's further out. Doesn't she keep saying: We flow with the market and adjust our stance accordingly? Evidently NOT THIS TIME. JMO. I have followed her for a long time and do have great respect for her. But I also remember this last little episode when the market was at 10,000. But I guess this market downturn in the techs is plain coincidental to her remarks. Right. She was very subtle and had our best interest at heart. And Mobius can't even call his own field correctly, so no sense listening to him. But still, he IS influential. Sonny