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

To: Tunica Albuginea who wrote (22627)	6/16/1999 4:30:00 PM
From: Steeny	Read Replies (1) \| Respond to of 41369

TA, your Europe comments are off. It is growing rapidly(not as quick as the US) with a population about the same as that of the US. AOLEurope does not have the US clout and it has been getting hurt by the free ISPs. "Europe doesn't have money"????????????????????????!!!!!!!!!!!!!!!! Quit smoking crack. European GDP is about 85% that of the US. The market is huge and totally untapped. Anyway, Europe is not really central to my point. Let's suffice it to say I think internet stocks are overvalued on a PE basis and a correction has already begun. AOL is a solid firm and will lead the net. Doesn't MSFT already lead software?-another massive growth industry, both without much bricks and mortar. MSFT has a monopoly and AOL doesn't. AOL's PE 5x MSFT-doesn't make sense to me. I'm a technical trader, as I've said. I will ignore the fundamentals if the chart tells me to. We closed right on the negative trendline today. No clear buy-signal yet.