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


To: tradesman who wrote (4644)2/8/1999 7:44:00 PM
From: Impristine  Respond to of 41369
 
tradesman,
did the aol margin dude,
call you....
i hung up on the dude...



To: tradesman who wrote (4644)2/8/1999 8:33:00 PM
From: Craig A  Respond to of 41369
 
Yes, it has become a chat room. I learned a lot, though, but don't have time to wander through the egos. Guilty myself.
Looking for a facts room.
My concern is the blind faith as there are so many folks on-line who don't use AOL.
Perhaps the momentum players are right.
I dunno, but this is really a lot of work..



To: tradesman who wrote (4644)2/8/1999 9:55:00 PM
From: HECTOR RUBERT  Read Replies (1) | Respond to of 41369
 
I'm with you "tradesman". I've loaded up 1,000 shares at 134 and this weakness is getting old. We've been selling off for over a week. I hope the end is near 'cause is getting old. I didn't sell at 177 and I'll be crazy to sell at 159. Even looking 30 days from today, I'm sure we'll be testing the 180's.

Hanging Tough

Hector



To: tradesman who wrote (4644)2/9/1999 1:50:00 PM
From: Chuzzlewit  Read Replies (1) | Respond to of 41369
 
Tradesman, what's up is probably the fact that the momentum players are busy bailing out. This will continue until they exhaust themselves and then, barring bad news, they will begin pouring money back in. It's a monkey see monkey do environment. They remind of a school of fish that make sudden unpredictable changes in course.

I once asked an acquaintance of mine what a certain stock he just bought does. He responded "It makes money". He was being cute, of course, but the fact was that he had no idea of the business the company was in. He would buy the stock based on some chart patterns and set trailing stops. Now this sounds great on the surface, but if lots of people do this kind of thing you create the potential for chain reactions if the drop is deep enough. Plus, lots of people don't understand that when a stop loss is triggered it becomes a market order. With the internet stocks that practice can be quite dangerous because of their habit of gapping.

TTFN,
CTC