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

To: craig crawford who wrote (33106)	10/25/1999 9:34:00 PM
From: SOROS	Read Replies (1) \| Respond to of 41369

Since I am mostly cash now, I'll offer a few points: 1. Didn't target prices of $200+ come out as AOL was climbing in $170's? Then stock drops to $70's -- where were the target yellers then? Stock then goes up 40 points in a short time, and guess what? The target yellers come out again. Does anyone else see a pattern here -- not just on AOL? Sure seems that these targets are announced at opportune times for the truly informed to exit their positions only to be able to buy again when the stock drops substantially. Someone can check the timing, but it looks rigged to me. Is it the analysts at these major brokerage firms duty to give TIMELY, FREE advice and accurate calls to the general public, or is it their duty to get their best clients in and out at the best times? Just a thought. 2. Will any substantial buying happen when even one of the biggest AOL cheerleaders (Motley FOOL) says this: "Partly because stocks trade on future expectations more than on present strengths and weaknesses, AOL's stock is valued at about $130 billion now, well above the $66 billion hypothesis. When you slap growth rates on AOL's current results, especially on its ad and commerce revenue, you might conclude that investors are simply looking ahead two to three years in valuing AOL at its current price. Typically, investors do try to look ahead, so this current valuation seems -- gasp, flame me -- reasonable. Especially when you consider the added value that should be paid for the leading online brand in the world. This said, I wouldn't buy the stock unless I planned to own it for at least five years. At this valuation, the stock could slap ya if you're holding it for any time less, even though everything looks groovy following this quarter. If you wish to discuss AOL from a Rule Breaker point of view, please visit us on the Rule Breaker Companies board." 3. Keep in mind that these Fools, geniuses that they are for having bought AOL and AMZN very early, also bought IOM at around $1.00 and watched it go to the stratosphere and then back to $3. I have a feeling they will hold AOL and AMZN no matter how low they ever go. You got to ask yourself as IOM hit its highs and then turned, why would they not sell at some point? 4. Bonds are climbing -- at what point does major money flow from stocks to bonds -- maybe very soon? Y2K ( although perhaps a cruel joke), will cause undue worry, and it is very few stocks holding up this market. Should tech investors make 100% while all others make tiny amount or lose? Check the mutual funds. 5. members.home.net Just for fun. 6. Most importantly, I am sitting on cash and need a major crash. But honestly, as fear looms, at what point does everyone decide to exit and see what the new year brings? 7. Message 11701872 8. worldnetdaily.com You may now yell at me. I remain, SOROS