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

To: Tom Ardnij who wrote (21610)	6/12/1999 7:11:00 PM
From: James R. Barrett	Read Replies (3) \| Respond to of 41369

Tom, the question is NOT how much NET stock prices have gone down but whether or not P/E valuations have been lowered permanently for the Inet sector. At what P/E level does it become impossible to sell a stock? We may be at a point where investors are saying they won't pay nose bleed P/Es for net stocks anymore. How much are investors willing to pay for a NET stock?.......400 P/E, 500 P/E, 800 P/E???? I recently bought AOL for $130, $117 and $105. I plan on selling it at $170. I am hoping that some idiot out there is willing to pay that outrageous price. Two months ago I was sure there were plenty of idiots out there, now I'm not so sure. Maybe I was an idiot for buying it at the prices I paid for it. Time will tell. Jim