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To: saber hormi who wrote (4882)12/22/1997 6:12:00 PM
From: Don Westermeyer  Read Replies (3) | Respond to of 27307
 
AOL surges 5 1/8 due to expectation of strong buying over the internet over the holidays.

Oh brother!

Article from Briefing.com

briefing.com

Computer Software & Services

Brief: Internet related stocks were the place to be as AOL surged 5 1/8 on expectations of strong holiday shopping over the net... Gains came despite revelation that insiders actively sold stock in early December... Yahoo! also rallied to a new 52-wk high, gaining 2 9/16... Apparently no value is too high for these companies... Computer Sciences signed a $55 mln contract to perform mainframe processing and network server functions for New South Wales Department of Community Services... Broderbund's shares tumbled after CIBC Oppenheimer cut its rating from hold to underperform and set a 12-mo price target of 20... Noted valuations and sluggish growth prospects... EVEREN Securities upped its n/t rating on Microsoft to market outperform from market perform citing valuations and belief that current litigation won't impact MSFT's future business.



To: saber hormi who wrote (4882)12/22/1997 6:22:00 PM
From: Mama Bear  Read Replies (1) | Respond to of 27307
 
Hey, I stopped my short at 55 3/8. Technical analysis worked great this time. I guess I read the chart right. I'd hate to have to cover now, but I don't have the intestinal fortitude to hold it until it breaks. The momentum is clearly up, and is likely to continue up. I'll be doggoned if it hasn't gone and formed a little cup w/handle on the 5 minute chart. Sheesh, what are these people paying for? I'm gonna have to quit paying attention to the funnymentals.

Barb!