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Technology Stocks : America On-Line (AOL)
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To: Steve Robinett who wrote (3530)1/27/1999 2:32:00 PM
From: RetiredNow  Read Replies (3) of 41369
 
Not at all, Steve. I have probably more degrees in finance and information management than most here. As a result, I have missed most of the gains in the Internet stocks because everything I was taught tells me they are all overvalued. Any analyst on Wallstreet will tell you the same thing (unless it's on the record).

You can't deny that all of these valuations fly in the face of all conventional valuation methods. Ergo, those who are schooled in those methods usually sit on the sidelines (as I have) as these crazed Internet stocks skyrocket.

Thus, my AOL experiment. Let's see how it works.

As far as your 1929 comment, I agree completely. As one Wallstreet analyst was quoted saying, all this will have a very bad end. But in the mean time, I will do some day trading with about 2% of my portfolio.
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