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


To: billkirn who wrote (16034)5/9/1999 1:09:00 AM
From: stock_bull69  Respond to of 41369
 
On behalf of all AOL longs I'd like to thank you for shorting AOL! Me thinks the bear trap is about to close and I can already sense the fear factor taking hold. Good luck covering!

Steve



To: billkirn who wrote (16034)5/9/1999 1:23:00 AM
From: slurper  Read Replies (1) | Respond to of 41369
 
billkirn---- Nothing drives a stock price up quicker than short covering. Be awake early Monday morning to cover your ASSETS



To: billkirn who wrote (16034)5/9/1999 9:54:00 AM
From: Olu Emuleomo  Read Replies (2) | Respond to of 41369
 
>>>My guess is, AOL could hit as high as 130 next week then back down
to retest 115 area. <<<


Yes; you have a point. In fact, the plug in Barrons will create a pop to at least its 50 day EMA (126).
Thus, I'm scaling out of most of my positions at 126 and 129.

--Olu E.



To: billkirn who wrote (16034)5/9/1999 10:15:00 AM
From: tradesman  Read Replies (1) | Respond to of 41369
 
"Again, I am short, but this double top formation has a very high
probability of predicting a serious down trend. Bill"

Double Top???

The formation is an inverted head and shoulders pattern which is a classic indication a bottom has been reached and when used inconjunction with the turn of the stockastics line (which is presently ocurring below the 25 level) signals a trend reversal which typically includes a gap up.