Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: sam who wrote (14051)	4/29/1999 4:44:00 PM
From: Jeffry K. Smith	Read Replies (1) \| Respond to of 41369

SAM - what is your definition of "short to medium term" as in "taking out -- the 175 in the short to medium term"? TIA, Jeff Smith

To: sam who wrote (14051)	4/29/1999 5:20:00 PM
From: Sabrejet	Respond to of 41369

It is difficult at times to pull that trigger but that is just about the only way to make the bucks! I also got into DCLK today and that one was a steal as well. Tomorrow in my opinion will be a super day on the NAZ. My charts say there is a very good chance for a nice rebound. They are pretty much on the mark. sz

To: sam who wrote (14051)	4/29/1999 5:40:00 PM
From: RocketMan	Read Replies (1) \| Respond to of 41369

Sam, I agree with everything you said. The weakness in AOL started with funds rebalancing their portfolios, but as they did so new funds came in and bought. This probably triggered the original funds who pulled out to sell some more, and there has been a lot of churning with some funds pulling out and others coming in. Now add on top of this the day traders and short sellers who are trying to ride the funds' coattails, and you get amplified movement. Notice that AMZN moved less, proportionally, than AOL, in spite of having unpleasent projections as compared with AOL's great numbers. I think this is explained by AMZN having much lower institutional involvement than AOL, and in spite of what is commonly thought, the little guy tends to hold better than institutions. But whatever all all of this might do to the stock price in the near term, it is all meaningless as far as the fundamentals of the company. The only thing that might affect the fundamentals are news from the cable front, changes in interest rates, or an overall market swoon. Also, there seems to be a shifting of money within the tech sector, as evidenced by AMZN going down while EBAY went up. This is a good development, because I think the money that remains in the tech sector will be smart money, and will migrate to the stronger companies. And AOL is the strongest of the nets. So all in all I agree that AOL will take out the old high soon, whether that is in weeks or a month or two I don't know, but by the end of the year we should have another split and be pushing 300 pre-split, or 150 post-split. As Vendit said, we both noted an uptick in the price change rate, which is an early indicator. Also, we have much more upside than downside, based on the TA indicators, which are all closer to the bottom than to the top. Disclosure: I am long on AOL, am just an investor, and all of this is MHO, which may or may not be right.