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


To: Steeny who wrote (17391)5/17/1999 4:31:00 PM
From: Technician  Read Replies (2) | Respond to of 41369
 
This one is going to 158, just believe it, too strong
in a weak market, UNLESS the analyst meeting disappoints:
NOT, Case would be crazy to spoil things.

I think the techs go up from here HWP will fly tommorow.



To: Steeny who wrote (17391)5/17/1999 4:55:00 PM
From: Robert Rose  Read Replies (1) | Respond to of 41369
 
Steeny, just a great post. Thank you so much. <eom>



To: Steeny who wrote (17391)5/17/1999 5:02:00 PM
From: Steve Robinett  Read Replies (1) | Respond to of 41369
 
Steeny,
On slightly less than average volume, we've moved to the area of the 20-day moving average (about 136 tomorrow), the mid-point of a range that currently extends from 113 up to 159 (plus-or-minus 2 standard deviations). The average volume argues that the action is a snapback from Friday's selloff rather than a new move up, volume precedes price, as they say. I would guess AOL will stay roughly in this area until Wednesday's AOL investor's soiree. I do not anticipate management saying anything unexpected (good or bad) at the meeting, which might be read as disappointing to a community obsessed (rightly so) with the bandwidth issue. I would be very cautious through Wednesday. There is a strong possibility of a buy-on-rumor, sell-on-news effect from the investor's meeting.
Best,
--Steve