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

To: vegetarian who wrote (5547)11/6/1997 5:10:00 PM
From: IKM  Respond to of 13594
 
It would only be a shot in the dark, although the technicians might have something to say. I believe you can safely ride this one down for the next 2 - 3 trading sessions though.



To: vegetarian who wrote (5547)11/6/1997 5:13:00 PM
From: McNabb Brothers  Respond to of 13594
 
M. Carter,

I agree that the upside is now limited, but they have a way of wearing out the shorts before the stock tanks. This requires patient short investing to reap big rewards due to come in the future.

Mike



To: vegetarian who wrote (5547)11/6/1997 5:28:00 PM
From: Steven Tsai  Read Replies (2) | Respond to of 13594
 
People buy the stock not because they have superior earnings, it's because the internet sector is attracting momentum money. After all AOL is probably the best internet play, compared to AMZN, ONSL, ...

Valuation? What valuation? There is only momentum.

I do not expect it to drop much below 73 near term. Intermediate term, when market condition improves, it shall go up.


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