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: Mannie who wrote (13402)	1/3/1999 11:41:00 PM
From: THE PHANTOM	Read Replies (1) of 13594

We may see some profit taking in AOL over the first couple of weeks in January, but then again since it's now one of the S&P 500 stocks there may also be new money coming in from funds. Anyway, we should see two splits this year.. Where I don't want to be is holding onto E-Bay, Amazon.com or Yahoo. They may be great companies but IMO there is going to be some huge profit taking over the month of January in these stocks, especially with PE's in the area of 1500. Those that are holding these stocks, be careful and follow them closely. Wouldn't be surprised to see 50%+ drops in their share prices. If someone has cash on hand, hold it and get in after the profit taking. You'll probably be very happy in the long term. PHANTOM.

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