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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: kurt aichler who wrote (23862)	2/25/1999 7:32:00 PM
From: Judy	Respond to of 50167

Maybe a bit of both, Kurt, although I would not call it a "safe haven" but rather a case where the worries of PE contraction do not apply to PEs of infinity. Also we hear many fund managers recognizing AOL as a legitimite NYSE big cap investment now, hence legitimizing the internet as a growth area. When the institutions come on board, they tend to stay for sometime. It takes the big boys a long time to get the message ... and it takes the big boys awhile to change their mind once they take a stance.