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Technology Stocks : America On-Line (AOL)

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To: Venditâ„¢ who wrote (8605)3/30/1999 8:19:00 PM
From: Smart Investor  Read Replies (3) of 41369
 
I do not have a target other than a stop loss. I am shorting because I think the run-up is absurd and unjustified. Based on current revenue, gross margin and future growth rate, AOL should be at 75-90 level which it has been residing for a while before this run-up caused partially by mutual fund manager window dressing and momentum trading by day traders.

Remember many idiot analysts have been upgrading ETEC recently. After today's announcement, we will probably see ETEC going down 30-40% tomorrow.

How about eBay? When people realize how terrifying a competitor MSFT can become for AOL, AOL will go down the road of eBay. I am waiting for that moment of truth.
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