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Technology Stocks : America On-Line (AOL)

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To: RocketMan who wrote (7748)3/24/1999 12:26:00 PM
From: Bridge Player  Read Replies (4) of 41369
 
<< P.S. Glad to see a bear on this thread. That is bullish for the stock :-) >>

On the contrary, it will only become bullish when the MAJORITY of you have given up in disgust, gone away licking your wounds and counting your losses, and a bull on the stock is nowhere to be found.

For those who asked, I have not posted during the rise of AOL simply because I never followed this thread until a few days ago. And it is simply amazing to me the rampant bullishness I have found. The old saw about trees and the sky etc. is nowhere more appropriate than on stocks like MSFT, CSCO, AOL, YHOO, EMC, and all the rest. When, not if, this market cracks, it will take away a lot of the paper wealth that the long bull market has created.

If your bullishness were on stocks with solid growth rates of 30% plus and PE multiples of under 20 (check out Analytical Surveys, ANLT for only 1 example) then I would have no quarrel with you....not you personally, but the collective you bulls on AOL. Get a grip, folks, take some of your fabulous profits, and come back down to earth before you get badly hurt.

BP
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