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

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To: rhet0ric who wrote (9208)4/1/1998 4:07:00 PM
From: yard_man  Read Replies (2) of 13594
 
You're right, of course. I think there are cracks in the PR beginning to show. There are a couple of items that lead me to believe that these will be come apparent sooner rather than later. That's why I thought it only had only a little farther to run.

Buyers have taken the news of price increases from other ISPs as bullish for AOL. Clearly, it is not. It is confirmation of what Case said about AOL's increase not adding to the bottom line. Everybody has said Case's sale of stock is irrelevant and he has been the hypester extraordinare -- I trust he sold what he could without precipitating a decline. These two items tell me that it is late in the game.

But what does experience teach you? When will such adjectives be applied to AOL? I'll tell you when. After the stock is already 40 - 50% off its high. You will not be able to profit nearly as much from the fall by the time such adjectives are being used. You have to be willing to spread your bets and endure some pain to win really big.
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