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Technology Stocks : How high will Microsoft fly?
MSFT 477.74-2.5%3:59 PM EST

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To: LindyBill who wrote (18479)3/22/1999 1:01:00 PM
From: larry  Read Replies (1) of 74651
 
lindy,

Thanks for your report. I have no intention to get in DELL above 30. But I also don't see it dipping toward 30 unless the market turns south. DELL has a good chance if it really becomes a player in the E.commerce area. I am currently heavily in MSFT & AOL. Began to accumulate LU today at 100 1/8 for the split play. However, i am getting very uncomfortable about the mass mania about AOL. Sure this company has great potential...but isn't the game being stretched too far too soon by momentum players?

I am just not comfortable with a 120 billion company commanding a PE of 600. No matter what valuation model I use, AOL is no worth than $70. And I will also say that their product sucks. Not to mention that there are lots of companies offering better product with lower monthly fee. Well, I will stop at that. Everyone will think that I am crazy to complain about AOL when I am making nice gains on this issue.

good luck,
larry!
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