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: jack rand who wrote (4942)	10/3/1997 4:26:00 PM
From: Tim Kenney	of 13594

>>what formula could they [instiutional investors] be using to value >>this stock? >To listen to some of them, it's guys who are online newbies (or in some cases don't go online at all except to quote machines) who think they understand the business and have bought into the "unlimited potential" story. How long they'll wait for real confirmation is the question.< Let's not forget that many of the institutions are momentum investors who know exactly what they are doing. As long as the hype offensive works, they figure they can make money. At 2:19 today, Dow Jones News put the mike in front of the same old idiots so they could opine to their hearts content. Any wonder that the stock finished strong? Soon Barron's will interview another "technology" (read "momentum") fund manager who will sing the praises of AOL since he owns 5 million shares of it. I hate momentum investors, but at least they don't pump and dump a la Vinik.

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