Steeny, agree with scenario #1
Sometimes I'm baffled at how negative the emotion can run during a normal correction, only to exacerbate the situation.
Truly, don't think there is any interest in a 100 p/e for AOL. Just as a reality check:
P/E for CSCO = 130; YHOO = 949; no p/e even available for AMZN, EGRP, DCLK, RNWK, INKT, among many others. AOL gets lots of attention when the nets are running up, and vice-versa - the price of being #1. This is a great stock that can currently be gotten at a terrific discount to it's recent high. As I've said before, the sky is not falling, the Internet is just at the beginning of a great wave that we will all ride into the next decade. At this price, any good news that AOL comes out with will drive the stock up quickly. Looking for an outrageously low bottom strikes me as foolish. |
