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Technology Stocks : America On-Line (AOL)
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To: Pruguy who wrote (28863)8/7/1999 11:24:00 PM
From: Brian Malloy  Read Replies (3) of 41369
 
Depends on how one looks at it. I think AOL has about bottomed out.

Ralph is positive on the market, this is true. But he is not positive on the nets. He turned bearish and recommended dumping them. Nets put in a bottom and rebound last week. Will they fall another 50% from current levels? I doubt it, but only time will tell.

In my book, once again, Ralph made a bad call. He should admit it - at some point in the future.

His call kind of reminds me of the analysts that follow PFE. They watch it fall from $150 to $92, then issue a sell when the stock is basically at the bottom.

This is why I consider Ralph a great contrary indicator as of late.
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