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: IKM who wrote (5545)	11/6/1997 5:07:00 PM
From: vegetarian	Read Replies (3) of 13594

This one is going to be hard to predict for tomorrow. Although logic says that it should go down significantly because the company may not be able to keep up the growth expected out of them to maintain the high PE multiple the investors are probably stubborn and may hold onto it or buy some more (sic). The instituions may sell and the dips may be picked up by individual investors. All I am able to conclude now is that AOL will not go up much beyond 90 in any case, with these earnings the upside is probably limited. Any one wants to put a realistic guess on the near term downside? I have a boxed short right now which I need to unwind.

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