America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: Pruguy who wrote (5386)	2/22/1999 10:37:00 AM
From: Steve Robinett	Read Replies (2) of 41369

Pruguy, You comment, there will be inflows into the market til 2008 at least... I assume you mean the baby boom inflows. Of course I agree. Indeed, that liquidity may keep the entire market overvalued for some time (and later make it sell undervalued as boomers withdraw retirement money) but what does that have to do with any particular stock, for example, AOL? You also comment, price is irrelevent...it is just demand. Price may be irrelevant but value is never irrelevant. As long as AOL's performance promises more value down the road, the stock will be in demand. Once it shows signs of not being able to realize the dreams people have read into it, watch out. That's already happened once with AOL (the flat rate incident a few years ago) but at the moment everything looks good. Best, --Steve

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