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

To: Sam who wrote (6344)	12/11/1997 11:49:00 AM
From: IKM	Read Replies (1) \| Respond to of 13594

At the risk of being wrong yet again, after looking at the intraday chart it seems that a big surge in volume jumped it 1 1/2 point from 84 in less than ten minutes. Then all the momentum investors jumped on with enough volume to take it another point or so higher with lots of volume. The original buyer(s) had plenty of volume to sell back into, while the bandwagon riders now have positions in an expensive stock in a very down market. If I'm right, someone is playing this stock like a fiddle and the latecomers bailing out will drive the stock down this afternoon. If I'm wrong, well, it won't be the first time. . .