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: Najib Mehanna who wrote (10866)	8/1/1998 1:43:00 AM
From: SouthFloridaGuy	Read Replies (1) of 13594

<<Could somebody know something we don't?>> There is nothing to know. It's no longer a matter of whether the stock makes earnings or not, it's just plain overvalued. So yeah, sure if I were an insider who had shares at $.25 I'd sell! I'm a long term bull on AOL, more so than a Cisco or even a Dell; AOL is definitely another Microsoft. But still, the stock needs to slow down. A shakeout is needed. I mean I use AOL, and I wouldn't use anything else...it's almost addictive. I also use a Dell...love it. Nevertheless, this market is just overvalued and has been driven by inflows. This fairy tale can turn into a major nightmare if we go into a slowdown, which is very possible given the extent of Asia and its ripple effects into a probable South American meltdown (ever taken a look at Brazil's account deficits?) and a European slowdown. Needless to say, we will be affected. Slow growth=less earnings=More unemployment=less 401K money=bye bye bull market.

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