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Technology Stocks : America On-Line (AOL)
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To: Manish Aurora who wrote (6335)3/10/1999 8:59:00 PM
From: Pruguy  Read Replies (1) of 41369
 
I appreciatte your comments. I had looked at your spreadsheet a few days ago and I was impressed with the thurouness(sp) of your work.....however I beg to differ.....this market has rewarded the biggest succesful companies with extremely high pe's for a long time....I am not aware of any evidence this is about to change. Back in the early 90's I shared your argument and sold walmart and home depot. The reasoning was logical, but not correct in the end. These companies have only tripled in value. the market is like that now and you can either play or not, but it won't change just because you don't like that the rules have changed.
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