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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?


To: Joe E. who wrote (2979)1/20/1999 12:26:00 PM
From: Tunica Albuginea  Read Replies (1) | Respond to of 41369
 
Joe E. I don't think AMZN will affect AOL. They are different stocks.
Interesting how the MMs are holding AOL below 155 today. I think they are trying to entice short term traders might have bought it at 140-145 with that profit so as to sell, before they run it up next week, what do you think?

TA



To: Joe E. who wrote (2979)1/21/1999 1:49:00 AM
From: THE PHANTOM  Respond to of 41369
 
Joe: As I said earlier, the net stocks will severely correct sometime prior to March. Well, if most of you have been watching lately, you'll notice that it has been going on over the past week, i.e. (High - Today's Close) Yahoo: 445 - 287, E-Bay: 321 - 213 3/4, Amazon.Com 199 - 113. As for AOL, it has been holding up very well under the downward pressure of the other net stocks, i.e. 167 - 148 1/2. Only 18 1/2 down is very healthy. After seeing what has been happening over the past several days and taking into account the taxes I would have to pay, I have decided to hold onto my shares and forget about selling them in order to buy in later at a lower price. With the earning's report coming out next week, we may all be pleasantly surprised. I also feel quite confident that AOL has several other acquisitions in the works. We'll just have to see. We're holding a very strong company that continues to get stronger.

Good Luck To All,

PHANTOM



To: Joe E. who wrote (2979)1/21/1999 10:13:00 AM
From: Igor  Respond to of 41369
 
" Have you noticed the way Amazon is drifting lower over the last several days? Will this affect AOL?"

IMO, part of the reason is due to brokerage firms raising margin requirements. This has forced some people to sell shares to cover margin calls.