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Technology Stocks : America On-Line: will it survive ...?
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To: yard_man who wrote (9207)4/1/1998 3:58:00 PM
From: rhet0ric  Read Replies (2) of 13594
 
I don't see how we can call a top based on price. The price of this stock is out of all relation to reality, so why should that change now?

We should, rather, call a top based on perception. AOL will peak when its propaganda machine reaches its limit, and counter-propaganda begins to have an effect. In other words, when the cracks in the company have become so obvious that all the AOL-induced PR in the world can't paper over them, and the mainstream press prefixes words like "struggling" and "once-great" and "beleaguered" to the noun "AOL."

Then, and not before then, will I short this bubble contraption.

rhet0ric
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