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Technology Stocks : America On-Line: will it survive ...?
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To: chenys who wrote (3262)5/28/1997 5:45:00 PM
From: jack rand   of 13594
 
>Whether one likes it or not, whoever hates or loves AOL, they are
>all in this love triangle. Messy Messy!

That's exactly the problem. It's all or nothing, black or white. No focus on rational valuation, which isn't black or white, but relative. In fact, when AOL nears or exceeds an analyst's price target, the analyst doesn't, as with other stocks, downgrade on price basis -- they raise their price targets based soley upon market action. Otherwise known as a circle jerk.
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