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Technology Stocks : America On-Line (AOL)
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To: Steeny who wrote (23777)6/23/1999 10:14:00 PM
From: Pruguy  Read Replies (1) of 41369
 
I don't think it is fair to say ALL the longs don't welcome comments that aren't bullish. Many of us enjoy hearing the bearish argument.....Where the bubble bursters get all bent out of shape is that except for the high pe, every negative argument on AOL has a counterpoint...The pe argument isn't unique to AOL, the whole market is high and it has been for the last 9000 points....,aybe you should consider that the market of the last 17 years is just simply putting higher multiples on category killers than from 26 through 55 and 72-82.
that still leaves 34 out of the last 73 where stocks were high and stayed high...nearly half the time..not all that unreasonable to place a bet on
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