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Technology Stocks : America On-Line: will it survive ...? -- Ignore unavailable to you. Want to Upgrade?


To: Brian K Crawford who wrote (5244)10/25/1997 12:28:00 PM
From: Zoltan!  Respond to of 13594
 
Yup, I plead guilty to overestimating the intelligence of the American masses.

I wouldn't think anyone ever had or should have that problem regarding you, for you bring the dumb to luck.

Enjoy the ride. Time is against AOL.

Regards



To: Brian K Crawford who wrote (5244)10/25/1997 1:57:00 PM
From: Brent D. Beal  Respond to of 13594
 
***... and you have been making that assertion from the 30's to the 40's to the 50's.....well, you get the point.

Like a stopped clock, at some point you will be right.***

This one of my favorite comebacks from the morons who still own this stock--guess what?, the bears (myself included) will still be making this assertion from 90 to 70 to 50 . . . well, you get the point.

Of course, at which point, you will probably still be talking about how much potential this stock has--of course, eventually you will probably be right, just like a stopped clock. . .

For anybody holding this stock, I'm feeling charitable, so I'll give you some advice--get the hell out, now!!!! That is unless you want to join the dubious ranks of those who held too long, like the Iomegans at 55 or those who held Cascade at 85 or Micron at 90, or AMAT at 102, etc. etc.

Just so everyone knows where I stand, I'm about ready to buy some more puts, probably the Nov85s although I may wait a little longer . . . we'll see. And here's what I think of this stock:

. . . it's a sinkhole, a glossy, well-marketed piece of phlegm, a pie-in-sky, potential-my-ass, manipulated, cooked-up fraud. In short, it's a piece of shit waiting to be stepped on . . .



To: Brian K Crawford who wrote (5244)10/26/1997 1:57:00 PM
From: Investor-ex!  Respond to of 13594
 
... and you have been making that assertion from the 30's to the 40's to the 50's.....well, you get the point.

Valuation rehash:

The following text may be found at the following link, but requires a search:

wallstreetguru.com

Barron's Alan Abelson 9/15/97

Mark Hirschey, Professor of Finance at the University of Kansas. . . deduces [that] America Online is swapping assets with a net value of $250 million for CompuServe's 2.6 million on-line customers. Thus, America Online is paying only $96.15 per CompuServe customer. If you use that $96.15 price to value the 6.44 million customers he reckons America Online had at the end of its latest reported quarter, then the value of its total customer base works out to $619.2 million, or $6.34 a share.


Either CompuServe's management has completely lost their minds, or WS is pushing this thing up for fun and profit.

Just because the Emperor has no clothes doesn't mean he can't be dragged to the top of the highest tower in the castle and pushed out a window. :)

Your amigo,

Snuggles (I think Yikes has started something)