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Technology Stocks : America On-Line (AOL)
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To: Moneysmith who wrote (22085)6/14/1999 4:21:00 PM
From: Steeny  Read Replies (1) of 41369
 
Be careful of October comparisons.
In October, AOL bounced off it's 200dma and then started the incredible bull run. The 200 dma is currently at about 78. In addition, in October AOL's pe was below 50. Today, AOL above 250(indicating a potential for huge downside). In October bond yields were below 5%. Today, above 6% .
Anyone looking for an October repeat should know there are some major differences.
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