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

To: Steeny who wrote (14862)	5/5/1999 11:52:00 AM
From: Boplicity	Read Replies (2) \| Respond to of 41369

Right. Sure what ever you say. G

To: Steeny who wrote (14862)	5/5/1999 12:21:00 PM
From: Internet Jones	Respond to of 41369

Corrections feel like this - down every day for no apparent reason. Falling water intraday charts. Higher at the open than at the close. Upticks are sold short by the street trading desks. The problem is nothing to move the stocks higher, and at least the following problems: (1) Big run up from last October with no correction on Naz and DJIA, (2) War, (3) High PE's that can't be justified, (4) Fear of inflation, (5) Too many bulls and not enough bears. What we're seeing with AOL could be the first signs of a market-wide correction, something more than the "profit taking" on CNBC. I hope I'm wrong, but I remember July 1996 and Feb.-Apr. 1997. Those corrections were 7 months apart. And it was the same pattern - down, down, down every day with great stocks like CSCO and ASND - high PE's that were driven down. Of course, CSCO has more than quadrapuled - but the short term carnage was bloody.