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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: PoorRich who wrote (2194)	1/10/1999 10:44:00 AM
From: David Spruiell	Read Replies (2) \| Respond to of 41369

Under new management I feel that the SP500 is run by the old bred that sees the internet valuations as a joke. They are determined to show the new internet investors that they are still in control of the market and PE of 500+ will not be tolerated in the SP500 and NYSE. The SP500 people get nervous when a PE gets to 50. Their goal is stability and slow growth(15%) at best. They already told us that all stocks that enter the SP500 drop 15% within a month of entry. $155 *15=22 so...$155-$22=$133. I feel bad thinking this, and I am confused,but reality has a way of biting me on the butt. Is AOL the leader in the "Great Internet Pullback of 1999" ? I refer everyone to the great Disk Drive run of the summer of 96 and the oil driller run of 97, all prices run to super high and now low. I don't know the future, but I was expecting AOL to open $10 higher on friday and it opened up $5 and sold off the rest of the day. That is the reality of the situation as much as it hurts. Other internets up $50,,$60,,$80 for the week AOL was down $8. Are we the leader in a pullback or just SP500 control? I think a little of both. Prediction: down to $133 ad a slow rise back to $155. NOTE: As far as a downgrade, analyst wait till the stock hits a bottom and then downgrade. Best luck to all David