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Technology Stocks : America On-Line: will it survive ...?
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To: James F. Hopkins who wrote (3552)6/24/1997 2:19:00 AM
From: chenys   of 13594
 
U'r talking about an economy war here. Is it really in the offing? I doubt. But the DOW has been as irrational as AOL these days, possibly mainly due to the late comers buying at the top. There might be a money redistribution here, and those kind of things won't have warning, u just need to choose when to believe it before it is too late. I missed the recent rally on DOW, just could not afford the risk. It might be a good time to look at value stocks now, things like low PE, PS, or at least something that has a PE to talk about. I really admire those who are still buying MSFT for 130 at this time of the year, but it is the IBM reincarnated, so what can I say? I have hedged my longs since low 120's with 105 July calls but look at it! This market is a total chaos, u can't tell the right from the wrong any more. But somebody is preaching me about the art of order in chaos, and I am trying hard to keep my poise and make something of this jittering. Still thinking. To me AOL is a much easier play than this big market.
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