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Technology Stocks : America On-Line: will it survive ...?
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To: Smart Investor who wrote (9734)5/4/1998 7:56:00 PM
From: Raymond   of 13594
 
More on CFO comments:

Wishful thinkings as a bull:

1. He values Advertise/other business at 20x revenues(not earnings!). This is only reasonable when he thinks the business will grow rapidly.
2. THis quarter is gonna be good. How stupid would he look if the stock drop 10 points while he said it's worth $60 more?

Well, again, if one thinks the CFO is an idiot, this is a perfect time to short (or buy puts to get better sleep).

Raymond
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