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

To: AAC who wrote (8747)	3/11/1998 1:38:00 AM
From: PAL	Read Replies (2) \| Respond to of 13594

Lots of hedge-fund managers say they are lining up to sell shares of Internet stocks short, betting on a decline in their price, because of the stratospheric valuations they have taken on lately Check with your broker if they have 1,000 shares of AOL available for shorting. If none is available, buy some put since the slide is starting. In addition to AOL, get ready to buy puts for YAHOO and AMAZON. Not everyone buys the idea that Internet companies benefit from a price war. One hedge-fund manager says, "It's like saying General Motors and Chrysler are running promotions, so billboard advertisers will do better. It doesn't make any sense." Wonder if he works for George Soros? The high for AOL has been tested and it was the resistance level. TO ALL AOL SHORTS: DO NOT COVER. The slide should start this week and accelerate after the split. AOL will take cue from DELL.

To: AAC who wrote (8747)	3/11/1998 9:41:00 PM
From: PartyTime	Read Replies (1) \| Respond to of 13594

Hey Vits, Yeah, I know about this. CNBC has been yakking about it all day long. Look at Doubleclick (DCLK), that just IPO'd. It's trading over 30. Originally, Goldman Sachs was going to bring it in at 12, then raised to to 14, then 19--it finally came on at 21, traded up to 31 and settled at 29. The whole next week it's been between 30 and 34. My company, NETZ, has 39 mil in revenues; DCLK has 30 mil; NETZ you can buy for under a buck now; DCLK costs you 30 or more. They have the same customers. The only difference is NETZ bought an OTC shell, and just yesterday announced a merger agrement with ESVS of Nasdaq. The only catch is "official" financials for NETZ are not out yet. Should come out in a week or two, with Price-Waterhouse doing them. Think of what happens if the money is even remotely close to DCLK: NETZ has to gain parity somewhere. It's only logical. Yes, all internet stocks are overvalued becuase people think that's where the future is. Conversely, every single oil driller has a great P/E, but is trading 30-40 percent under value. Even though my portfolio looks like shit now, I do, in fact, have my money in horrendously undervalued stocks. When they catch up, I'll be golden. I hope, Take care. Michael