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

To: Hawk who wrote (9148)3/31/1998 10:19:00 AM
From: Harry Larson  Respond to of 13594
 
It is the nature of story stocks that managers and analysts involved
with them talk most about them because the story is the major component of valuation. The idea is to reinforce the sentiment of other holders and to suck in new ones. But such intense focus on the story inevitably leads to being blindsided.



To: Hawk who wrote (9148)3/31/1998 10:19:00 AM
From: PAL  Read Replies (1) | Respond to of 13594
 
How can you make your top pick a stock thats selling at such astronomical PE ? Unless you think earnings are going to increase at such nose bleeding pace it seems ridiculous.

Maybe their clients want to short AOL against the box after quarter end. Early April will tell the story.


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