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Technology Stocks : America On-Line: will it survive ...?
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To: Eric Klein who wrote (5978)11/17/1997 10:56:00 AM
From: The Duke  Read Replies (1) of 13594
 
>>I think that all the brokerage houses want to have a stock that they can recommend in the Internet sector. People are excited about the Internet, they want to invest in it. AOL is big enough that it can be bought by mutual funds. There are few other Internet stocks that are big enough to be bought by big mutual funds.<<

Unfortunately, I think this is the post of the month. Combine AOL's size as you mentioned with the fact that it meets the Buffett criteria of being a brand name we all know like coke and gillette, and its beginning to sink into me that this dog of a stock is going to continue to soar until one of two things happen; either:

A) The investment hype over internet stocks spontaneously dissipates. When this happens, the AMZN shorts are going to make alot more money then us, but oh well.

B) Investment hype over the internet continues, but a clearly and concrete picture begins to emerge of what kinds of business models will be successful in this marketplace. IMO, this is where AOL really loses. Again unfortunately, this could take a very long time. I think everyone has the gut feeling that the internet will be a good place to make money over the next 50 years, but we also have the gut feeling that some fundamental factors have to develop before well have a good understanding of how this will work.

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