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Technology Stocks : America On-Line (AOL)

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To: Gainer who wrote (23474)6/21/1999 4:56:00 PM
From: Steeny  Read Replies (2) of 41369
 
In my mind, the 64K question is what will happen when the INETS appraoch their late March and early April valuations? Will the momentum carry us higher or will it die a death again and lock us into a trading range? Obviously, earnings are important, but I have not heard that anyone is expecting blowout #s, especially since the 2nd quarter is often slow. I don't know which way it will go. For AOL to break into a PE of 500+(@ $200), IMHO will take huge momentum. Not impossible, but I don't see that type of buying yet.
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