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Technology Stocks : America On-Line: will it survive ...?
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To: Eric Jorgenson who wrote (2404)3/14/1997 2:16:00 PM
From: Joel Sternberg   of 13594
 
><<Could these events account for a doubling of the stock price? Not, I think, in a credible market.>>

What's wrong with buying in anticipation of future earnings and revenue growth?<

I don't see how such annoucements have led to an upward revision in earnings and revenue growth. It is not like the bears, much less the bulls, thought that AOL would never generate any advertising and merchandising revenue...just not enough to make it worth anything close to what it is trading at.
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