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

To: Sowbug who wrote (6330)	12/11/1997 11:08:00 AM
From: Brent D. Beal	Read Replies (2) \| Respond to of 13594

Let me get this straight. Out of all the stocks out there that have little or no Asian exposure, you selected AOL because you figured that the investment community would shortly and collectively realize that AOL doesn't do business in Asia and then go "shit, we'd better bid this thing up to $90, because it's P/E has dropped to 140 and it looks like they may make $.15/share this quarter, and on top of that they don't do business in Asia." Although I'm pleased (as a potentially shorter of the stock) to see it run up so high, I doubt Asia has much to do with it. Reminds me of a guy that was up a couple of hundred of dollars at the roulette table explaining to me his "system." My guess is that it's one of three things, 1) tulip mania, 2) an acquisition, or 3) a stock split.