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Technology Stocks : America On-Line (AOL)
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To: Pat Lombardo who wrote (9943)4/8/1999 3:08:00 AM
From: Michael Kucera   of 41369
 
Yes, who said the markets are sane? How do you account for all the sudden up and down moves in the market every day.they are not efficient markets nor is everything "correctly" priced. I don't follow pe ratios but since some people do then I guess they won't be buying AOL anytime soon! my point is: who cares that AOL is "overpriced" b/c the truth is AOL has always been very expensive and nearly impossible to time the ups and downs correctly so just go long and enjoy the ride. Let CNBC worry about how expensive it is.
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