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

To: im a survivor who wrote (13120)	12/26/1998 10:24:00 AM
From: chalu2	Read Replies (2) \| Respond to of 13594

It's a trip to read both this thread, and the thread dedicated to predicting when the Internet stocks will crash. I guess we have the eternal optimists vs. the eternal pessimists. That said, I feel there is a vulnerability in this sector which goes by the name of EBAY. EBAY has an interesting business, but it is WAY overheated, and headed for a crash, probably in the next few months. EBAY trades at 400(!) times annualized revenues; AOL is at about 18 times revenues. If EBAY gets valued like AOL, its price will go to about $15 a share, from the current $285. The question is: which stocks survive "the great EBAY panic of 1999?" I pick two survivors at somewhat near their present values: YHOO and AOL. Most others will recede to fraction of present prices.