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

To: steve lipson who wrote (8811)	3/13/1998 1:05:00 PM
From: Bald Man from Mars	Respond to of 13594

Making a new high today !!! Very close to the shorting target of 140-145 ... Should get there sometime next week after the split ...

To: steve lipson who wrote (8811)	3/13/1998 1:09:00 PM
From: rhet0ric	Read Replies (2) \| Respond to of 13594

My guess is that the true nature of the Web is going to be far different than you or I can imagine today. You're quite right. Portal, gatekeeper, kingmaker, those are the key words in my lexicon that you keep brushing right on past because you're just so fired up over what technology can do. No, my point is that the ability to be gatekeeper depends on the technology. It's the technology that enables people to go in and out of the gate. It's precisely that gate, I'm arguing, that is AOL's biggest vulnerability. I do admit the need to research further whether or not AOL can ditch its current architecture and become a true Internet company. If so, their low-tech gate may be repairable. Go, hurry out and short the stock. I believe that the fundamentals are there already, but that the bubble still has a lot of hot air in it. Aren't you at least a little bit concerned that he knows some things you don't, rather than vice versa. My understanding is that George Soros is a trader, not an investor. Traders don't trade on fundamentals, they trade on the beliefs of other investors. His bet isn't that AOL is a great stock, but that other people think it's a great stock. It's possible to make a killing on a bubble stock if you time it right. That may be what Soros is doing. I came too late to do that with AOL and admittedly wouldn't have spotted this particular bubble. Whether I can time the bursting of the bubble is another challenge. I'll be sure to let you know when I short, so that you can rub it in if I'm wrong. g'luck, rhet0ric

To: steve lipson who wrote (8811)	3/15/1998 9:17:00 AM
From: peacelover	Read Replies (3) \| Respond to of 13594

Steve, "For goodness sake, George F@@@#@# Soros was a big investor in Earthlink -- so we know he knows all about competing against technologically bankrupt AOL -- and he bought a ton of AOL last year with its triple-digit P/E. Aren't you at least a little bit concerned that he knows some things you don't, rather than vice versa." With all due respect to you and Mr. Sorros, he bought a lot into a now defunct co. called Gandalf as it was about to die (per info on then Ganadalf thread). Thinking he must have known something with all his research, I loaded up and lost a few greens. In fact, if I was rhetOric, I would be happy, cause it is the Sorros's who will jump to safety first and leave the AOL sucker behind with the small investors. I disagree in peace. peacelover