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Technology Stocks : America On-Line (AOL)

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To: Chuzzlewit who wrote (4033)1/30/1999 2:53:00 AM
From: Jorge  Read Replies (1) of 41369
 
Chuzz, you said:

<<Or maybe, just maybe, I'm right. And maybe if you pay attention to these issues you can avoid being the guy left standing when the music stops. Remember what happened to companies like OXHP and BOST. I'm not suggestesting that AOL has phony financials. I am saying that the handwriting was on the wall for those companies well before the proverbial excrement hit the fan.

TTFN,
CTC>>

My question is not so much a technical, financial analyst type question, but one of another type of logic.....If you think the handwriting is "clearly" (you didn't say clearly, but I am led to believe it is clear to you) on the wall, then why is it there are so many Strong Buys (26) and Buys (8),(0 Holds), on Wall Street?....Not only did many of those analysts recently reiterate their recommendation categories, but they upped their 12 month price targets as well.

Try to look at it from their perspective and tell me what they could possibly be thinking that would lead them to those conclusions....BTW, the concensus ratio for AOL is higher than MSFT (15-SB, 9-B, 5-H) and DELL (12-SB, 10-B, 10-H).

There must be a reason for all those Strong Buys and Buys....What do you think is going on there?....Is there a clue hidden in this that could suggest your thinking is in error somewhere?....Could that many analysts be wrong?

Regards, George



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