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Technology Stocks : America On-Line: will it survive ...?

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To: Dell-icious who wrote (11038)8/7/1998 2:05:00 AM
From: M.J.  Read Replies (5) of 13594
 
<<The stock tumbled for the second day on concerns over a continuing
investigation by the U.S. Securities & Exchange
Commission into the company's accounting practices.>>

Has anyone noticed that the stock has steadily dropped 35 points in less than three weeks - well before the earning announcement and news of investigation (is anyone actually surprised)?? A continued plummet even while Nasdaq (home of the rest of the tech stocks) was up 40.

Face it. The spell has been broken. Talk about subscriber multiples all you want - that is not any way to value a company. No one really has any idea how long this growth can last. And people are finally starting to do math again.

$35 is my generous target... mark my words.
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