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

To: Pancho Villa who wrote (10472)	6/27/1998 9:12:00 AM
From: Hawk	Read Replies (2) \| Respond to of 13594

PV I'm still in but I think I'm going to cover. Per VectorVest the value of this stock is 19 Dollars. This a mania, but how who knows long its going to last. I give up, this stock doesn't deserve a PE of 300, but who am I to argue. Best of Luck on AMZN. Regards H.

To: Pancho Villa who wrote (10472)	6/30/1998 1:27:00 AM
From: Tim Kenney	Respond to of 13594

>Hawk, just didn't get around to post it but I covered my AOL at a huge loss during last week. Also covered YHOO, I guess they will start tanking now! Have my hopes placed on AMZN, hope it will work out. Pancho< This short threw in the towel on AOL too last week (99 7/8), so the path is clear for it to tank. I only had a small position, which had become a religion that I felt I had to stick with. The bottom line is that the ATT rumor, even if total bullshit as I believe it to be, proves that AOL, aided and abetted by the prostitutes of Wall Street, have complete control of the spin. First, companies control the flow of information, rumor and innuendo, all protected by invoking safe harbor provisions. Secondly, Wall Street loves the underwriting fees that AOL keeps throwing its way and will sing anything AOL wants it too as long as those fees keep coming. (A recent Economist article demonstrated how absolutely egregious Wall Street underwriting fees are. The article posited that it may compensate for abnormally low M&A fees. Funny, I did not notice any M&A investment bankers at my favorite soup kitchen.) Anyway, my real reason for closing AOL was that I have to stay focused on my big short---AMZN. I am with you Pancho. I will never close out that position, but it is eating me alive. It is a worthless company. AOL is pretty worthless, but as long as they have a zillion members, people can at least pretent there is value there. Funny thing is that if I were long YHOO, I would probably hold it. The one thing that can be said about YHOO is that it is a great company. Recently I found YHOO most helpful in directing me where to shop for something. Undoubtedly, they get a piece of that action. YHOO is no doubt overvalued, but may someday grow into that valuation. AMZN is lucky if it stays in business.