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

To: Sam who wrote (5620)	11/7/1997 9:03:00 AM
From: yard_man	Read Replies (2) \| Respond to of 13594

Jobs report and Nikkei are going to cream this stock today. Congrats to the bears. Take it when it comes.

To: Sam who wrote (5620)	11/7/1997 9:54:00 AM
From: Brent D. Beal	Read Replies (1) \| Respond to of 13594

***I haven't sifted through all the numbers yet, the conference call, etc. Bottom line is AOL met street expectations, with sale of XCIT .04 over at .16. I you that meeting earnings expectations means the end of it, then you don't know how this stock trades. I made the same mistake a few months ago and lost a nice chunk of change on some puts--nobody gives a rats ass about earnings, except the bears, who keep jumping up and down about how nobody is paying attention to earnings. For better or worse, this tulip mania is driven principally by ad revenue growth, with some idiots on this thread seeing ad revenue in the billions being achieved next week. The fact that ad revenue was down is the single most salient fact that will bring this stock sharply lower over the next few months. The fact that pre-restatement earnings were only $.12 cents is icing on the cake--this number will no doubt be revised down to around 0 when the auditors show up.