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

To: Bald Man from Mars who wrote (9599)	4/23/1998 11:58:00 PM
From: Mike C	Read Replies (1) \| Respond to of 13594

One often uses the media to gage market trends. Comments on CNBC or in other media can and often do sway the market, sometimes immediatly but more often after several analysts or publications make related comments. This week has had an unprecedented number of analyst's comments and even dedicated news stories about irrational price run-ups after firm announces they are selling on the internet. Most of the stories are related to small firms that sell tire patches or floor polish going on the net and stock prices rising from $2 to $60 in one week but some comment are on the bigger names such as Amazon and AOL. The point is the word is getting out and less sophisticated players may begin to think twice about a net investments. The time may be near. We've had two days of down trend (profit taking?)one of which occurred on a market up. Looks like no more up every day regardless. Mike C