America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: Ed Forrest who wrote (27866)	8/3/1999 2:25:00 PM
From: Roger	Read Replies (1) of 41369

Sometimes I wonder why even bother to use logic on Wall St? Supposedly the fear of high interest rates is what is whacking the net stocks. Well, will someone explain me why we still have stocks like RBAK (Redback Networks) and JNPR (Juniper Networks) going nuts day after day? I think they are trading at PEs much much higher than AOL's. I realize they are in a high growth area - but come on now. Mark my words, these stocks will be back to reality soon - in the meantime, I just ponder on this illogical herd mentality crap thats Wall St.

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