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

To: Vendit™ who wrote (14643)	5/4/1999 3:57:00 PM
From: RocketMan	Read Replies (2) \| Respond to of 41369

I think I had a good teacher :-)

To: Vendit™ who wrote (14643)	5/4/1999 4:14:00 PM
From: SAMUEL MORANO	Read Replies (1) \| Respond to of 41369

when you say so what is your time frame??

To: Vendit™ who wrote (14643)	5/4/1999 4:26:00 PM
From: Steve Robinett	Read Replies (4) \| Respond to of 41369

Vendit, You told us all yesterday that support was at $130 (https://www.siliconinvestor.com/readmsg.aspx?msgid=9288211) Now it's a range between $125 and $128 and the stock should hold in this area and then we get a bounce. My point is not to ridicule you or your price support levels but to point out how difficult--perhaps impossible--it is to call bottoms or bounces. From a technical point of view, the $125 range support is slight--AOL only stopped there briefly--but there is major support in the mid-$90 area. Yes, that's almost a 50% pullback off the high. In a stock that has moved as much as AOL has over the last six months, a 50% pullback would not be out of line, though a little hard on people who bought above $100. Nor am I saying it will go to the 90s--no one can know. Personally, I look for established trends rather than trying to predict tomorrow's trend and right now the short-term trend is down. Longer-term, who knows? Best, --Steve