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

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To: LoLoLoLita who wrote (8751)3/11/1998 3:04:00 AM
From: PAL  Read Replies (1) of 13594
 
David, I specifically mentioned YHOO and AMZN because the ridiculously high multiples given to YHOO, something like 54 times revenues. With nosebleed like that, AOL looks like the bluest of blue chip. On top of it their loss is over 1/3 of revenues. Have you seen many blue chips advertising on YHOO? The bulls say they will come, but it seems that people will live on the moon before they advertise on the internet. As for AMZN, it is not the only internet bookpeddler. Look at Barnes and Nobles and more to come. Therefore competition is there. Traditional bookstore cannot be completely dismissed since people still like to browse before buying.

Sorry, my knowledge on XCIT is limited since I like to concentrate on a few stocks and know more about it rather than many but just on the surface. I also have long term holdings that I do not even bother to check.

As I said before the time to buy put is when your broker tells you that there is no shares available for shorting. Hopefully, AOL YHOO and AMZN are in that boat soon.

PAL
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