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

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To: DarrenS who wrote (9479)4/13/1998 3:58:00 AM
From: H James Morris  Read Replies (1) of 13594
 
Well, what a slow sunday here on Aol SI. Did anyone see the Masters today? Talk about 6 gladiators going after it!!!
After much pain and deliberation, I've decided to throw the last of my torn towell in and admit the following.
(1) Wall Street is (for the first time in history) throwing money at stocks with P/E's in excess of 300.
(2) Wall Street will reward for revenue and market share gains, regardless of potential net profit.
(3) Wall Street loves Internet, or Internet related stocks, regardless of bus 101 fundamentals.
(4) Never bet against a Wall Street momentum stock, regardless of what you think and don't buy a momentum stock when Wall Street has decided to abandon it.
(5) Its not what you think, its what Wall Street is doing.
(6) Never try to catch a stock on its peak, either way.
(7) winners seem to make their big bucks after, they see a up or down 15% correction.
and lastly, the only difference between a winner and a loser, is timing.
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