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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Melanie Ghazarian who wrote (21561)	6/11/1999 10:48:00 PM
From: ZOOB	Read Replies (1) \| Respond to of 41369

My best guess is House manipulation in a "jittery" financial environment. The only fundamental change in AOL has been to the positive. Henry Blodget of Merrill Lynch said that the subscriber rate will hit the anticipated range at the low end(750,000?).

To: Melanie Ghazarian who wrote (21561)	6/11/1999 11:12:00 PM
From: Trader J	Respond to of 41369

Melanie - Interest rate and inflation fears historically force investors to see valuation plays. With the inets at ridiculous valuatios, they will be hard pressed to rise into any valuation scare. There will be a point at parity however, where relative valuation compared to recent history lures traders and investors back into the issues. The majors should lead the way back when confidence is restored, but the bubble is still under pressure. There is no guarantee that it hasn't burst altogether. How can anyone justify a P/E of, say, EBAY at 2600. It can't be done. But that said, Inets have resisted standard valuation methods which what makes them so fun to trade ...... no one wants to miss the boat on the next leg up. Trade well. TJ www3.techstocks.com