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: George Bielski who wrote (8728)	3/10/1998 10:07:00 AM
From: Paul Merriwether	Read Replies (2) of 13594

Here's an interesting blurb. And depressing! Charles Pradilla, chief investment strategist at Cowen & Co., said, while most of technology is getting beaten up, investors are just shifting their buying to still-safe names. "A number of stocks just keep going up because people don't want to leave the market. America Online is up every day several points [because] people are saying, 'I don't care what the valuation is, if they hit the numbers, I want to be there because I want to be in the market, and I want to be in technology.' " For the same reason, investors have driven Merck up 50% since the fall, he said. "You're not talking some small start-up but a giant drug company, that is basically going to hit its numbers and people just want to be in the market."

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