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

To: Pruguy who wrote (32181)	10/3/1999 10:09:00 PM
From: Steve Robinett	Read Replies (2) \| Respond to of 41369

--Pruguy Okay, have it your way. AOL can add 300,000 to 400,000 new customers and it won't cost them a penny. Satisfied? BTW, I was just responding to the ideas you put out there, not picking a fight with you. I frequently find your posts interesting and well-informed, certainly better informed than a lot of people on this thread. You also mistakenly comment, They (AOL management) never talk about technicals, which seems to be your area of expertise Actually, your attempt at sarcasm is misplaced. My basic approach to investing for 25 years has been fundamentals, discounted free cash flow in particular is very predictive of longer-term valuation. AOL and most of the other Internets are priced so far beyond any fundamentals that such notions currently have little to do with the stock price. In addition, AOL is traded by a large number of TA types and understanding the type of investor a particular stock attracts goes a long way toward understanding its price action. Best, --Steve