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


To: Jan Garrity Allen who wrote (11164)4/18/1999 9:42:00 AM
From: Keith Howells  Read Replies (1) | Respond to of 41369
 
Jan,
I couldn't agree with you more. Fund managers will not be able to stay away from the techs. To prove the point, I've attached a link to a chart for Dow Chemical. Look at line. If you bought one year ago at $100, you would have had $100 up until about a week ago. It's now at $118. A whole $18 dollars in a year. It gives you goose bumps. Anyway, with the profits and gains made from companies like AOL, fund managers have actually raised the bar for themselves. I don't believe that the fund managers that sold AOL will be able to keep money in companies like Dow for very long because of the return. You said it correctly. the funds will come back at higher levels touching off a short squeeze. This happened once before to me in 1997 with CSCO. It was beautiful. I hope we get to watch it this time as well.

Here's the link to the DOW chart if you're interested. -Keith-

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