America On-Line: will it survive ...? Message Board

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Technology Stocks : America On-Line: will it survive ...?

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To: Sam who wrote (4425)	8/11/1997 10:36:00 AM
From: J.S.	of 13594

Sam, "said has $78 18-month price target on the shares" This is a featured stock of the week? I do not get it. Why should people buy a stock that has a price target of 10% more in 18 months with a huge downside risk? AOL has a huge current account deficit and miniscule book value. It is also has a history of taking sudden downturns? Could this be a way to pump the price up so that the big boys can sell? Look at this way. If AOL goes up to 73 intraday on some news such as this the person who just touted for 78 in 18 months says: "Hum, this means I should sell and put the money in a 5.5% note. I'll make more in 18 months than I've predicted I would if I held the stock" A bit unethical don't you think? Joe

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