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

To: Alec Epting who wrote (6168)	12/3/1997 6:15:00 PM
From: purecntry5	Read Replies (1) \| Respond to of 13594

Theres just too much institutional investment in this stock to bring it down very far short term. The institutions hold it up and then keep reiterating buys on it to get idiot Joe Sixpack chat room wanderer to buy and drive it higher. Its a major bubble that will surely bust but not until a real earnings disappointment. I wouldnt be surprised to see it past 100 short term with any kind of decent market. There is no accounting for the extreme idiocy in the markets nowdays. Happy Holidays Cowboy Brett

To: Alec Epting who wrote (6168)	12/3/1997 6:45:00 PM
From: Steve Robinett	Read Replies (1) \| Respond to of 13594

Alec, I agree completely. A billboard in, say, Times Square, is seen by a lot more people than one in the Mohave desert. AOL's log-in and log-out ads are Times Square. An ad in a chat room is the Mohave desert. As people have discussed quite a bit on this thread, the key to how much any of those ads are worth to an advertiser is demographics, something AOL has evidently yet to provide its advertising customers in any significant and useable way. People obviously buy things, including stocks, for a lot of reasons. With AOL's fundamentals less than persuasive, I can only assume AOL is still a momentum stock. It goes up, they buy for a short-term trade. As someone holding puts, I console myself with the idea that momentum often sours as quickly as it developed, for example, AOL's selloff after earnings. Best, Steve