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

To: Steve Robinett who wrote (3068)	1/21/1999 4:13:00 PM
From: Keith Howells	Read Replies (1) \| Respond to of 41369

Steve, If the 500 times cash flow would have bothered the person purchasing AOL, then the purchase never would have been made to begin with. Now that they have the stock though, Phantom's advice is excellent. The drop today had nothing to do with AOL. It was a broad based selloff. This person should not unload their AOL shares in this kind of a market unless they have a profit they want to protect. The AOL story has not changed and earnings are supposed to be great. Unless you can time the market and have all day to spend staring at a screen, buying AOL now or tomorrow should provide a reasonable return.

To: Steve Robinett who wrote (3068)	1/21/1999 8:18:00 PM
From: THE PHANTOM	Respond to of 41369

Steve: That's true. Robert may want to. Yes the PE ratio is very high, and I agree with you that it could certainly go down to $70 a share. It's got a PE of 470 right now. The problem is that nobody really knows what type of PE ratio to place on a company like AOL. AT least they are making a good profit right now. How much lately, we'll just have to see next Wednesday. As for Yahoo, Amazon, and E-bay, you would have to expect what is happening. Only time will tell. PHANTOM