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


To: Steeny who wrote (19165)5/28/1999 4:21:00 PM
From: Steve Robinett  Read Replies (3) | Respond to of 41369
 
Steeny,
If I were a great believer in TA, I would say that with today's close, even on half the average volume for the last month, AOL just made a classic "W" bottom on a closing basis at about 115-116 and that the next stop is probably the 20-day moving average which is currently about 130. In addition (Here's more mystical market lore), 4-day weeks are usually up weeks. Putting my money where my mouth is, I dumped my puts two days ago and bought calls this morning.
Best,
--Steve