Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Roger A. Babb who wrote (4547)	8/7/1997 11:33:00 PM
From: Neil_L	of 9285

<<Neil, unless the market tanks tomorrow, I expect AOL will go up. Using the twisted logic of today's investors, restating last Q results to a loss will increase the sequential quarter growth rate and thus justify a higher price based on projecting that growth rate into the future.>> Given the markets reaction to ZITL's restatement the other day, you could be right. If its not now, there will be a time. The smoke and mirrors can't last forever. I just don't see how the market is going to justify its current valuation...I see lots of disappointed, confused messages, write-ups around tonight...sell the news?

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