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

To: Vendit™ who wrote (17196)	5/14/1999 7:39:00 PM
From: Mike Farrar	Respond to of 41369

AOL AND OTHER INTERNET STOCKS ARE NOW OVERSOLD I think the long bond will rally Monday, bring rates down. I believe the AOL analyst meeting will provide shareholders with some excellent news. I believe Greenspan will not raise or lower interest rates or rate bias on Tuesday. I believe that by Wednesday AOL could be trading back up in the high 130's. AOL stock has been hammered by the shorts today, and all weak hands now have been shook out. Short covering and big money will run AOL back up very quickly next week, especially if AOL announces a stock split and other positive news at the analyst meeting Tuesday. I doesn't take much good news to spark a huge short covering rally in AOL , with 56+ million shorts betting on an internet correction , that probably won't happen until interest rates have to be boosted.

To: Vendit™ who wrote (17196)	5/14/1999 7:44:00 PM
From: Craig A	Read Replies (1) \| Respond to of 41369

Today was nothing but abysmal to be sure. Only two stocks in my portfolio were up,INKT and GBLX. The rest was ugly. I am becoming less sure, even as I added to my position today. It has been mentioned several times here that a derailing could occur if some nasty news, such as inflation, rains on our parade. I swallowed my pride and listened to many comments from varied sources on CNBC. There was little, if any alarm. Talking heads spasd in their adorable way, but I heard over and again that a long term investor should stay the course. One gentleman from a net fund was adding to "quality" positions. Need we ask? My concern is not for the future of the net or AOL or YHOO etc. Nor is it for a radical change in fiscal policy. What worries me is the high stress created by owning these 'new' positions and how everyone from young fund managers to mom and pop flinch at the sound of anything other than euphoric optimism. Folks who I work with were frustrated when stocks didn't rocket up 5 points a day. God forbid if they go down. Correct me if I'm wrong, but this has become a market of jitters. That is why we exchange so much conversation here when we are going up or down. We are all looking for reassurance. When I started very aggressive investing, a stock that went up 20 points a year was a "home run." Now my portfolio moves five figures, at times, up or down in one day. Time will tell how many of us can endure those swings. Perhaps the 'rotation' we just experienced was not due to fundamentals but to anxiety. My worry is what major anxiety will do to the market. I won't let all my profits disappear.