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Technology Stocks : America On-Line: will it survive ...?
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To: Carlos A. Lima who wrote (97)9/2/1996 11:34:00 PM
From: Mark The Trader   of 13594
 
Hi Carlos, I dont want this to be a draw out thread but I think you said " good profits" AOL does not have good profits, if they did they would have a P/E of around 20 . As for the downward momentum , all the charts in the world can not predict where a stock will be tomorrow , next week or next year. Based strictly on a tech viewpoint, yes you can say it appears as if AOL has found some support, but in the real world who knows what kind of news (especially earnings) could come out to bring this dog down. My views on AOL are more long term. I have said in past posts that I think it may trade back up a bit before the stock falls out of bed. But in summary I cant see this stock staying at these levels with their service, price and all the good competition they have. Actually maybe we should all short the floppy disk manufacturing companies because who needs to purchase floppys when you get all those free AOL disks in the mail :-}

Mark
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