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


To: CGarcia who wrote (18437)5/25/1999 4:12:00 PM
From: Rommy B.  Respond to of 41369
 
I'm disapointed at AOL's very recent performance, but am not selling. It's part of the market risk.



To: CGarcia who wrote (18437)5/25/1999 7:36:00 PM
From: Mindshare  Read Replies (2) | Respond to of 41369
 
Acompora has more influence on AOL right now than anything, IMO. This guy can move a market, much less a stock. Remember last year when DOW was at 8600 in a downtrend and Acompora said we're going to 7600. The DOW promptly sank to within 100 points of his target. He never comes out at the top, only after a downtrend has been solidly established. That's when investors are saying, "Where's the @!&*# bottom". He provides one that is not doomsday like other analyst, but one that is steep enough to scare people. He's doing the same thing with AOL. And as AOL goes, so go the I-nuts.

His real pick for AOL is 112. We will bottom within +/- 2 points of this, IMO. Buy orders will be lined up like a wall at 111 3/4 or so. Target of 90 is a failsafe in case all hell breaks loose, so his reputation isn't permanently damaged.

So much money has been taken out of AOL and is waiting to get back in. ATHM is in the same situation and will bottom in the same area. This all assumes no fundemental bad news which is a fairly safe bet knowing ATHM's CEO comments today.

The real question is who will reach 200 first, AOL or ATHM.