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

To: GalSal who wrote (11088)	4/18/1999 12:50:00 AM
From: BomboochaBoy	Respond to of 41369

I'm concerned that the recovery may be very slow because investors who bought AOL cheap will be there to take quick profits on any rebound. Never underestimate the power of institutional buying.

To: GalSal who wrote (11088)	4/18/1999 12:58:00 AM
From: musea	Respond to of 41369

Sal, Panic selling only makes the situation worse. Maybe we're seeing a lot of that right now and not just in AOL. I'm concerned that the recovery may be very slow because investors who bought AOL cheap will be there to take quick profits on any rebound. Any thoughts on the effects of panic selling? There is no good reason for anyone who bought AOL cheap to sell on a small rebound. If you are sitting on a few hundred percent gain, you are able to ride out the occasional dip and you probably have the wisdom to see the value of holding onto your AOL shares. The people most likely to sell are those who bought when the price was higher than the recent close. I don't believe that panic selling will continue unless earnings turn out to be disappointing, and I don't see that happening either. The tech sector is the one that is growing and the internet portion of that sector is the hottest part. Money ought to rotate back in as soon as the reassurances (i.e. earnings) are in. Just my opinion, of course. -musea