America On-Line: will it survive ...? Message Board

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

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To: Sabrejet who wrote (4068)	7/20/1997 3:19:00 AM
From: Sam Golden	of 13594

I just went back and checked the chart to make sure i wasnt crazy. Sure enough 7 times since Nov it bounced off the MA. I think Monday its going to get hit again. Getting ready for entry. Rob get rid of those puts as soon as its breaks 58.5. Screw the multiple, probably 75% of the stocks on the board aren't worth what is being paid. Unless this market really falls apart (no signs of yet) why fight it. And Rich is right, funds are jumping all over as soon it hits that MA. I got my ass handed to me when I shorted the OEX when the dow got 7600 because I thought it was to high (stil do) but whats the point in fighting the tape or these high multiples unless your in for the long haul. IMHO Sam

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