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

To: Bob Kimball who wrote (8219)	2/24/1998 5:50:00 PM
From: Andrew Fenic	Read Replies (1) \| Respond to of 13594

Bob, What exactly do you base that "wave" analysis on? Remember past performance is no indicator of future success. PE, however, is correlated very strongly to performance. Stocks trading at PE's beyond 100 with little chance of great future earnings growth invariably get hammered. Question isn't if but when. At a PE of about 500 I'd say AOL is getting really close to that when.