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

To: Spaw who wrote (11836)	11/16/1998 1:13:00 PM
From: robert duke	Read Replies (1) \| Respond to of 13594

We will probably see a higher DJI up to about 9500 in the next 3 months. This will move AOL to 85 post split.

To: Spaw who wrote (11836)	11/17/1998 12:28:00 AM
From: THE PHANTOM	Read Replies (2) \| Respond to of 13594

I really don't go by what the Fed is doing right now. Internet stocks are a creature of there own. There was a great article in the San Francisco Examiner's Business Section yesterday by James Cramer titled "Cheap Counts Only In Horse Races". He's syndicated. You should try and read it. I agree with him 100% as I have put my money where my mouth is. In essence, he is saying that the net stocks are far out doing the bellweather stocks, i.e. Bethlehem, USX-US Steel, etc. He looks at net stocks such as Yahoo, AOL, Lycos, and Amazon.com as the new breed of stocks, saying you simply cannot look at them with a price-to-revenue, or price-to-book stocks as the steel stocks, etc. He has bought the net stocks mentioned above. I've followed him over the years and have learned a lot from him. As for your question, many times following a split, i.e. Microsoft, (I have seen this almost every time), profit taking will come into play and the share price will temporarily decline, but I don't worry about it. I don't know where the bottom will be and neither does anyone else, so if you are long term as I am, who cares. As I said in earlier posts, I expected AOL to have a share price of at least $140 pre-split (hit $146 5/8 today), and at least $100 post split by January 1, 1999, although I wouldn't be surprised to see it much higher than that, especially with Christmas coming on, especially with more computers being sold over that time, and "You've Got Mail" coming out in the theaters. Like I said, I consider AOL the next Microsoft of the Net Stocks. It's a very, very sold company that continues to re-position itself. As for at least $100 post split. Look, the share price post split will be at least $73 + tomorrow at sometime or less, although there may be some profit taking, and with that price, it only has to go up less than $26 a share over approximately the next 30 trading days this year. That's a no brainer. Do you see how it can go up much higher. You now have Yahoo at over $170 a share compared to AOL at $73 a share. AOL went up more than Yahoo today. When was the last time you saw that. AOL in the $70 range is going to be very attractive to many investors at that price from a psychological standpoint. My advice is buckle up and enjoy the ride. If you are long term and are not aboard, or have more available funds, get aboard now or buy more shares. You won't regret it. The $120 estimate by June 1999 by someone on the thread is, in my opinion, much too low. Well, we all have opinions. We'll just have to see who's right. So far I'm one out of two with one still remaining as of January 1, 1999 Good Luck PHANTOM