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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (11697)	4/21/1999 1:31:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 99985

Don, re: short covering: that's definitely playing a role today. but in several stocks it will take a while to exhaust the short positions, as they are huge. as a for instance: 53% of cnet's float is currently short. 66% of ubid's float is short. etc. regards, hb

To: donald sew who wrote (11697)	4/21/1999 2:14:00 PM
From: American Spirit	Respond to of 99985

Short-term lower highs in the nets absolutely. But more than short-covering here. Back more than 50% from Monday's net losses. AOL's earnings will be important. But time remains on the nets side. Addig somethinglike 200,000 viewers a day. Cheap PC's will accelerate that growth. Sure it will be volotile but still I'd rather own AOL longterm than almost any other blue chip I can think of despite it's lofty PE. The real value is not earnins but power, control and potential. It's mind-boggling. Just think of how far the net has grown in the last year. Therefore, while I'm more cautious than some I do buy on steep dips. The nets always seem to come back strong.