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

To: Hawk who wrote (10179)	6/4/1998 12:24:00 PM
From: J. Nail	Respond to of 13594

Bought July 80 puts. About the best reason I know for AOL to go up. Don't have a clue unless they ran abunch of stops.

To: Hawk who wrote (10179)	6/4/1998 1:09:00 PM
From: Bob Kimball	Read Replies (2) \| Respond to of 13594

Pattern continues to be distribution. Weak hands are hoping for a magical salvation. Well, the basic fact is the "perfect world" scenario the market has been running on has been taken out and shot dead. AOL has been an icon of the rosy-glasses crowd and will get shot and buried before any resurrection occurs. These pops are good news for the bears since they are failing. Today's rally is a reflex bounce from a short-term oversold condition. Look for more failures. The daily trend has turned down and with the overall market wobbly and faltering it may accelerate to the downside. Remember that AOL is still basically overbought on a weekly basis. Until that condition is neutralized sufficiently, there will be a number of rallies to sell into. If you are of the sell-and-hold persuasion, it requires patience, more typically applied in bull runs.

To: Hawk who wrote (10179)	6/5/1998 8:12:00 AM
From: Mick Mørmøny	Read Replies (1) \| Respond to of 13594

Shares of AT&T and America Online jumped today on rumors that the long-distance giant will buy the online services provider. It's not the first time Wall Street traders have talked about such a deal. Speculation resurfaced again today because of the heated merger activity across the telecommunications sector, especially with the mergers of Tellabs (TLAB) and Ciena (CIEN) Wednesday, and DSC (DIGI) and Alcatel (ALA) today, says Art Hogan, a trader at Jeffries & Co. "Everyone is racing to be the one-stop shop in providing all kinds of services, from long distance and cellular to Internet access -- at the best price," Hogan says. "Ma Bell has never had to compete before, and now it's the stock of the '90s to watch," he says. ----------------------------------------------------------------- Anybody know why AOL popped all of the sudden. Up over 3 now. More bad press or possible SEC investigation ? H.