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

To: Diamond Jim who wrote (26892)	7/26/1999 4:14:00 PM
From: one putt	Read Replies (2) \| Respond to of 41369

Diamond - I sold my remaining position in AOL this AM. Why should this stock continue to rise? What, if not earnings, supports the current P/E? For a company to blow away earnings (AOL is not alone here), and have the stock continue to slide indicates, to me, that people are investing elsewhere. Newer technology with more growth potential. It may be some time before AOL breaks their old high. Money seems to be flowing out of this gorilla and into many young chimps (IPOs). The way I see it, the ratio of non-internet users to internet users is shrinking everyday. AOL will continue to lose market share to other ISP's, IMHO. Do you see any reason for AOL to rally back to the 150's with out some serious news (other than adding Victoria's Secrets to their list of e-commerce ventures)? Looking for a GOOD reason to get back into AOL. Regards~ TP