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

To: Keith A Walker who wrote (10580)	7/10/1998 10:10:00 AM
From: J. P.	Respond to of 13594

<If you remember nothing else about p/e ratios, remember to avoid stocks with excessively high ones. > LOL I guess any "bible" if full of contradictions! Could argue that had you kept McDonalds and held it the last 10 years that despite the PE you would have made a nice gain. Also, for the short term anyways, it seems that PE ratios take a back seat to other measures in determining a stock's propensity to increase in value. Thanks for your reply, Jim

To: Keith A Walker who wrote (10580)	7/10/1998 4:40:00 PM
From: Raymond	Read Replies (1) \| Respond to of 13594

Keith, Do you actuall believe in Peter Lynch? I think he pointed out the following: (don't remember which pages): 1.Going short is not a good investment in the first place, because time is against you. 2. If you do want to go short, don't short the high flyers, instead, go for the dogs in deteriorating business. Raymond