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

To: Robert Rose who wrote (22302)	6/15/1999 9:39:00 AM
From: Steeny	Read Replies (2) \| Respond to of 41369

First of all, let me say I trade based on ta, but I look closely at fundamentals. I will buy overvalued stocks if TA looks good. I disagree with a basic premise that the nets are properly valued. They were way overbought before and are still overbought. Technically, do u mean technical analysis?-If u mean TA, then I would say there is not a technical buy signal except stochoastics which have shown this for a couple weeks. Sell signals are strong, ta wise. Fundamentally, the net is extreme high growth. However, PEs are way too far ahead of that growth. AOL is looking at roughly 40% annual growth(generous and assuming no slowdown-big assumption), say roughly double MSFT. AOL's pe is over 4x that of MSFT. You can do the math from there.