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

To: robert duke who wrote (3206)	1/24/1999 12:58:00 AM
From: musea	Read Replies (1) \| Respond to of 41369

Robert, I agree with you on the P/E (which is ludicrous), but I think we will just have to let the cash flow catch up on its own. AOL is really still a concept stock and I know of no laws that govern the price movement of such a stock until reality sets in. When it does, I'm betting that AOL will be a dominant company where others will have petered away. Then the earnings will look acceptable to more traditional investors. If you notice, AOL already goes up less and falls down less than other internet stocks. Somehow I find that comforting, but I'm not exactly sure why! -musea