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Technology Stocks : America On-Line: will it survive ...? -- Ignore unavailable to you. Want to Upgrade?

To: Bob Kimball who wrote (5378)	10/30/1997 9:54:00 PM
From: Ron Dior	Respond to of 13594

***WATCH OUT SHORTS***** I agree AOL is destined to fall, but it will follow the market at the present. The next few weeks are a question mark, but I wouldn't count on the mkt staying down to long...! NBR shows many analysts saying mkt will come back in a strong way very soon. Also Greenspan is behind the mkt. now. Exact opposite of when the mkt tanked the last few weeks. Watch out for a turn around, it is coming! Just my opinion, but I was correct when we tanked and I feel I might be correct again. Everything is in place for a strong run above our 52 week highs. Investors are not scared enough, analysts are positive, Greenspan is positive, everything is on SALE....! It is starting to add up. This is a clip from NBR tonight....! PRATT: Technology stocks again took center stage, dragging down the NASDAQ and the Dow. Alex Brown and Bankers Trust downgraded Dell (DELL), while UBS lowered its rating on Intel (INTC). Other major techs fell in sympathy. Investors still worry that tech stocks will suffer from their Asian exposure. But some analysts say, the concerns may be overblown. JAY VLEESCHHOUWER, TECHNOLOGY ANALYST, JOSEPHTHAL LYON & ROSS: In those economies, while growing and ultimately important to the future of technology business, are in reality very small pieces of today's business. So, proportionally, it's not that significant. PRATT: Today was the third heaviest day, in terms of volume at the New York Stock Exchange, with more than 700 million shares changing hands. The first- and second-highest volume days came on Tuesday and Wednesday. Before this week, average daily volume this year was half a billion shares. Some analysts think this week's heavy volume marks a bottom for the stock market. And others say the U.S. stock market will soon head higher. CANELO: Obviously, earnings are doing fine. The economy's doing fine. Inflation's nowhere to be found. And Fed Chairman Greenspan virtually said, "Don't worry about interest rates." So, I'm not going to worry. PRATT: The market's wild swings are expected to continue, at least for a few weeks. Experts say investors need time to get over Monday's bruising sell-off. They also need assurance that the Hong Kong dollar will hold. And that the Asian flu won't linger. SUZANNE PRATT, NIGHTLY BUSINESS REPORT, New York. I think November will be a monumentus month! Just MO......! Ron Dior