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

To: James F. Hopkins who wrote (6953)	1/23/1998 9:28:00 AM
From: Blue	Read Replies (3) \| Respond to of 13594

Jim, I believe what you are saying. I am no technician but trying to learn. I went over AOL on Bigcharts. You get some neat stuff on NYSE listed stocks. The % short interest line is pretty high back several months ago. As the stock continues to put on the pressure, that line goes down, down, down, almost to zero. This of course fueled the rise of the stock. It is just starting to increase again but is barely out of the gates. Could this time around be different? Will the increase in short interest whack it down and keep it down for good this time? Here is what really gets me. "Money flow". For a long period of this stock's rise, "money flow" way in the negative. However I concede that I may be using the chart wrong. With weekly data on a 3-year chart, money flow is where you'd think it should be...positive as the stock rose. Much different result using daily data. Money flow negative for the very long period the stock is rising. Check this out: bigcharts.com Actually if you just look at the same indicator on a 1-year chart, money flow is very positive. Which sort of confuses me. Another thing. Money flow has gone up to the moon in the past few weeks. Anyway, piecing it all together, I think we have evidence (1) that the stock price SHOULD NEVER have gotten to where it was...yes I am agreeing, manipulation, or at least the mother of all 'divergences', and (2) money flow in the past few weeks goes right to the moon, indicating a nasty blowoff with people throwing money at this proposed split. All in all none of this bodes well for the stock. At market tops, money flow is very high. equis.com