SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?


To: Pruguy who wrote (18281)5/24/1999 11:23:00 PM
From: Robert Brooks  Read Replies (1) | Respond to of 41369
 
From the Street.com:

"The Internet sector was particularly hard hit. There were reports that Prudential Securities technical analyst Ralph Acampora issued a "cautionary note" on the Internet group to Pru's sales force today. In the internal call, Acampora reportedly warned "certain support levels are being tested" by several names in the sector.

In addition, fears continued about rising interest rates, while profit-takers emerged during what is usually a slow period for the sector. TheStreet.com Internet Sector index closed down 46.7 points, or 7.5%, at 576.6.

Acampora reportedly cited America Online's (AOL:NYSE) April 19 low of 112, saying the stock could fall to 90 if that level did not hold. AOL closed down 6 15/16, or 5.5%, at 119 1/2. He also reportedly mentioned the March 4 low in Yahoo! (YHOO:Nasdaq) at 146. Yahoo! closed down 13 7/16, or 9%, at 137 7/8. "



To: Pruguy who wrote (18281)5/24/1999 11:26:00 PM
From: Hobie1Kenobe  Read Replies (1) | Respond to of 41369
 
Hi Pruguy. Were Mr. Acompora's comments this morning on your conference call consistent with his interview on CNBC after the market closed this afternoon, (and I'm paraphrasing) that those who missed the first run might get the chance to get in soon at wholesale prices? I would think that 30% off AOL's top would be close to wholesale, but I did hear him say we might have another 5% to go on the DOW. Does Pru think AOL will break support as YHOO did today? Good trading!!
JF3 (way long AOL)