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: vegetarian who wrote (5547)	11/6/1997 5:28:00 PM
From: Steven Tsai	Read Replies (2) of 13594

People buy the stock not because they have superior earnings, it's because the internet sector is attracting momentum money. After all AOL is probably the best internet play, compared to AMZN, ONSL, ... Valuation? What valuation? There is only momentum. I do not expect it to drop much below 73 near term. Intermediate term, when market condition improves, it shall go up.

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