America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: RGrey who wrote (680)	1/1/1999 8:12:00 AM
From: sam	Read Replies (2) of 41369

People here can talk all they want about "trailing PE," but all you really need to know is this -- a lot of people with a lot more capital than all of us put together just paid billions of dollars AFTER HOURS on Thursday to buy millions upon millions of shares of AOL. They have no plans on selling any of their shares. And they are not going to allow their newest investment to lose money for their funds. That would mean their jobs. In fact, they had enough power to short the stock down about 10 points off its high just so they could buy in at a lower price yesterday. In short, AOL is going up. Probably quite a bit more -- believe it or not. Sure it may take hits along the way. All stocks do. But AOL will not be below 160 for long. FWIW, I will be hoping for dips and buying those dips throughout whatever shakeout occurs. If any. JMO

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