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

To: Marc Overmars who wrote (10988)	8/5/1998 8:22:00 AM
From: AL TOTH	Respond to of 13594

I listened to AOLs entire conference call last night. Just for everyones knowledge, I have been mainly shorting internet stocks lately. However I must admit AOLs report was one of the most impressive I have heard in a long time. This is a company providing tremendous growth that sees no slowdown in the future. It is the internet blue chip stock that is becoming a profit and cash cow. Yesterdays drop of 5 points all happened in the last half hour which is an artificial movement caused by a temporary lack of buyers and stop loss sell orders kicking in. We should get the 5 back quickly and then anything over 5 is a reward for good earnings. Based on the conf. call this is a blue chip company whose future growth rate is unlimited. I cant think of any other blue chip in the market that has this kind of future potential. Analysts will be giving rave reviews after this conf. call and I understand DLJ just raised price target to $175 so its already started. AL