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


To: Tom Tallant who wrote (21608)6/12/1999 6:07:00 PM
From: Venditâ„¢  Respond to of 41369
 
Tom

I looks like the houses are jumping and running into AOL based on your link.

I really like the Thompson tool you showed me. It is very enlightening.

Vendit



To: Tom Tallant who wrote (21608)6/13/1999 11:01:00 AM
From: Frank Ellis Morris  Read Replies (4) | Respond to of 41369
 
>>tell me if you think Funds are trying to get in or out?<<

They may be trying to dollar cost average in an attempt to get out.
The stock at 99 1/2 is still trading at 300 times earnings which is ridiculous and dangerous considering that many more companies are going to sell on the internet and there is so much more competition coming. No one is more disappointed in what has happened to AOL but that was my fault for getting caught up in the herd mentality. AOL is still a good company which is making money but there is not reason to buy it at 300 times earnings. We have to get real in an atmosphere which looks like the fed will tighten its monetary policy. CPI coming out on Wednesday will have the market on jitters and God help us all if the CPI shows any hint of inflation.

Best Wishes
Frank