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

To: Frank Ellis Morris who wrote (21661)	6/13/1999 11:34:00 AM
From: Annette	Read Replies (2) \| Respond to of 41369

Gee, did Voltaire tell you to sell?

To: Frank Ellis Morris who wrote (21661)	6/13/1999 12:22:00 PM
From: ChinuSFO	Read Replies (1) \| Respond to of 41369

<<......CPI coming out on Wednesday will have the market on jitters and God help us all if the CPI shows any hint of inflation.>> The CPI numbers will determine if there will be a second rate increase this year or not as I understand that it is a given that the rates will be raised at the end of this month. Can anybody confirm that a emergency meeting of the FED had been scheduled for tomorrow?

To: Frank Ellis Morris who wrote (21661)	6/13/1999 1:13:00 PM
From: James R. Barrett	Read Replies (2) \| Respond to of 41369

Frank, I think there is going be a dead cat bounce back to the $120/$130 range if the CPI numbers are good. If that happens I'm saying goodby to AOL for awhile. JMO Jim

To: Frank Ellis Morris who wrote (21661)	6/13/1999 1:33:00 PM
From: tang	Read Replies (1) \| Respond to of 41369

Frank, I was just about to put 'credit' into your opinion until reading your current reply. Apparently, you have bought into AOL (long position), can you explain why the high p/e (over 400 then) of AOL is not your concern when you bought the AOL for long position? Now, I see the major reason of your not-good-to-own-aol now is the high p/e, are you holding short position now or are intend to get in AOL in a lower price? It is quite difficult to read someone's notes on this board without knowing someone's intention. I would give you tons of credits if the major reasons of your opinion are not built on the high p/e. If p/e is the reason of judging the nuts stocks, then you should down play all other nuts stocks first because AOL's p/e is best among large capital internet stocks, AMZN, YHOO, EBAY, XCIT, LCOS, EGRP, ELNK, PRGY,..., you name it, who has a better p/e? Which one in your opinion should be an investment vehicle if one wants to participate the internet era? It is my habit to pay tribute to people who claim he/she is bullish on AOL with an angle, I also pay tribute to people's opinion if he/she claims he/she is a bear on AOL, but I am in total doubt if one's position is vague as yours. Granted, all nuts stocks are in correction mode or even in burst mode, but nuts stocks go up and down just like other 'old fashion' stocks, yes, I worry about AOL, yes, my profit on AOL is shrinking badly, yes, I debate to get out some portion of my position and buy back later at a lower price, yes,... but never p/e is my reason to act or not to act because high p/e for nuts stocks is the internet culture at least before this industry became mature. I buy AOL because it is the safe one among all internet stocks, do I worry? of course, but I am not scared because the internet industry is only at the begin, June/1999, July/1999,... is only a tiny piece of the future.