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Technology Stocks : America On-Line: will it survive ...?
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To: Stephen who wrote (10158)6/3/1998 12:28:00 PM
From: Keith A Walker  Read Replies (3) of 13594
 
Ugh - back over 80, I maintain "sell into strength"

Last two paras from WSJ Online:

Unluckily for the many bears, America Online remains richly priced.
At 77 3/8 Tuesday, its stock trades at 86 times estimated profit of
90 cents a share for the coming fiscal year starting in July.

Says analyst David Simons of the Internet research firm, Digital Video
Investments: "Bullishness tends to have a blind eye about quality of
earnings."
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