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

To: Steeny who wrote (22850)	6/17/1999 12:54:00 PM
From: Ed Forrest	Respond to of 41369

Interesting read: cbs.marketwatch.com Ed

To: Steeny who wrote (22850)	6/17/1999 1:02:00 PM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 41369

Steeny, agree. However today's events and recent benign CPI are BIG events. It will take a few hours for the mentally challenged to get to it but I think by 4 PM most will. What they will see is the following: -Alan G. said a)" we DON NOT envision a SERIES of rate increases " b) " we will LOOK at raising rates 1/4% depending on how things look June 29." ( ie even that is not certain, because of the benign economic picture. That means that April spike in CPI was an aberration ). -the Bond Market swoon was clearly an over-reaction in hindsight. -ANY rate increase is already over-factored in at current prices. -Earnings season is approaching. It will be very strong.Look at Oracle which everybody had left for dead. Not even ONE of the anal-ysts who upgraded it yesterday saw that coming and they all had neutral on it. -the Internet is NOT dead and all news of the Web's death have clearly beeen premature .In fact this the Internet's infancy. - the only reason we have astronomical PEs is because of the web+PCs+traders have burned the normal investing timeliness. Many Internet stocks will have reached their ultimate potential valuation in the next couple of years. I plan to sell AOL 2 splits from now, GG back later TA PSTA, I don't undersatnd your question. AOL is in an upward breakout. If these levels hold to the close, especially if we close above the 25dma(116), a test of 120 will be imminent. 120 is a big level. If that falls on good volume, there is a slow churn to 140.Cs+ traders