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

To: Ed Forrest who wrote (27866)8/3/1999 2:25:00 PM
From: Roger  Read Replies (1) | Respond to of 41369
 
Sometimes I wonder why even bother to use logic on Wall St? Supposedly the fear of high interest rates is what is whacking the net stocks. Well, will someone explain me why we still have stocks like RBAK (Redback Networks) and JNPR (Juniper Networks) going nuts day after day? I think they are trading at PEs much much higher than AOL's. I realize they are in a high growth area - but come on now. Mark my words, these stocks will be back to reality soon - in the meantime, I just ponder on this illogical herd mentality crap thats Wall St.



To: Ed Forrest who wrote (27866)8/3/1999 2:32:00 PM
From: Vendit™  Read Replies (2) | Respond to of 41369
 
Ed

I see it went to $86 on heavy volume........All the Nets took a dive as well. There should be no doubt that August is a bad month to be in tech stocks wouldn't you agree?

It will take me a little while to size this up.


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