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Technology Stocks : America On-Line: will it survive ...?
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To: craig crawford who wrote (7715)2/12/1998 2:47:00 PM
From: Hugh M.  Read Replies (2) of 13594
 
Just jumping in. Logic would dictate that AOL is WAY ahead of itself. Craig, you mentioned NN, it was also way ahead of itself and look what happened there since October. This thing is trading at an unbelievable P/E, it has to turn, sometime. My question is when and how does the charade end. If 70% of the trading shares are held by mutuals and big houses, and AOL hits the targeted 150.00 by the analysts, who are they going to stick with shares at 150.00? That is a LOT of shares. Or do the houses panic, and get their best analysts to say it will go to 200.00, and we begin again? It can't go on forever. Curious.

Hugh
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