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


To: Hawk who wrote (9090)3/27/1998 10:58:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 13594
 
I'm not enjoying it much either, I'm in from 70's and should have got out long ago. Now
all I can do is hope for some kind of pullback and hope to get out with a smaller
loss.Yhoo and Amzn
were up big also, I guess this is were the street is finding value these days. What I find
amazing is that these stock don't even pause
for a air. They never even get a 10 to 20 percent correction.


Hawk,

I am having a lot more luck with AMZN and YHOO. They do pull back 3-5 points in a day to cover at a profit and then short again. AOL never seems to do that except the day Merrill indicated AOL exceeded their price target. That was short lived like about three hours.

I am comfortable with AMZN falling in the long run. No fundamentals and easy to add competitors. AOL does have a "leading" position and it takes a lot more to become a major competitor. However, that does not negate the fact AOL is way overpriced compared to fundamentals.

Glenn