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

To: Steve Robinett who wrote (5977)	11/15/1997 5:10:00 PM
From: Eric Klein	Read Replies (3) \| Respond to of 13594

I think that all the brokerage houses want to have a stock that they can recommend in the Internet sector. People are excited about the Internet, they want to invest in it. AOL is big enough that it can be bought by mutual funds. There are few other Internet stocks that are big enough to be bought by big mutual funds. Brokerage houses may have other reasons to recommend it, such as getting a share in deals like the recent AOL debt issue. As long as the stock market stays in a bullish mode, AOL probably won't tank. At some point, though, the market will show more weakness, and then AOL WILL tank. I agree, though, that AOL is currently a dangerous short. I'm short AOL, but it doesn't help me to sleep at night. I'm betting that some time within the next year AOL will be selling for $40. When, I don't know.