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: Rene Vallieres who wrote (4935)	10/1/1997 5:54:00 PM
From: J.S.	of 13594

"He says we could be in the 50's by November!!! Could we be that overvalued?? " Yes, resoundingly yes. However, the acquisition of CSRV's online service(s?) for a pittance mitigates a little bit. Certainly $75/share is way too much to pay for a company with no profits in sight and a negative net working capital. Again, barring news such as acquiring another company at a market discount, I see us sliding through the 50 day moving average and heading down. That is what happened before Case & co. pulled off that CSRV coup. My guess for now. We shall see. Good luck to all, Joe

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