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

To: tang who wrote (21688)	6/13/1999 5:01:00 PM
From: Frank Ellis Morris	Read Replies (2) \| Respond to of 41369

>>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?<< Tang, My favorite among the group is AOL and I think it is the true blue chip among the selections you mentioned. I do realize that all stock have their good and bad periods and AOL should gain some ground at some point. My problem with AOL now is that the high PE is no longer tolerable as it once was in a market where interest rates were accomodating and the internet craze was in full swing. I felt that the mania would subside and if so the best stock to be in would be AOL if one wanted to choose. Until after the next CPI is announced all stocks will be under possible downside pressure. I hate that Merrill Lynch downgraded AOL when is was already under selling pressure. Merrill should downgrade themselves since their stock is not doing that great either? I do think that even with a dead cat bounce AOL may be heading toward 80 ot lower. Everybody has to do with what is comfortable for themselves. I would not recommend margin at all. Best Wishes Frank