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

To: Jason Cogan who wrote (8276)	2/25/1998 11:48:00 PM
From: jeff nightbyrd	Respond to of 13594

Great post Jason! But as we too sadly know in the market - knowledge is power, but timing is everything. Good trading, jeff

To: Jason Cogan who wrote (8276)	2/26/1998 12:33:00 AM
From: Investor-ex!	Respond to of 13594

Jason, YES!, long term profitability is THE name of the game, but you sure wouldn't be able to determine that empirically from the market action over the last several months. If that IS the over-arching "rule", and I very much agree that it is, it would appear to have been turned on its head. i.e., major companies pre-announce poor forward earnings, yet quickly trade higher?? Therefore, imo, the de facto "rule", for the current investing/trading environment anyway, has transformed into something like "Give me your capital, and I will give you some shares of this very popular stock that is so good because everyone is buying it and is soon going to split. You may safely ignore any earnings warnings and/or outrageously lofty valuation levels because we all know that stocks never go down, at least not for long. If you don't make a ton of money right away, you must have picked the wrong stock. Try another one, quick!"