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

To: Smart Investor who wrote (7066)	3/18/1999 6:46:00 PM
From: Jimbo	Respond to of 41369

Agreed that AOLs valuation is sky high - rather than selling the stock - you might want to consider selling some calls the APR 120s @ 7+ look real good. (I don't like giving Uncle Sam some of my hard earned profits ;-])

To: Smart Investor who wrote (7066)	3/18/1999 7:02:00 PM
From: Mike Grove	Respond to of 41369

People have said exactly the same thing for the last 2 splits.... Glad I didn't listen.... :) Be careful comparing old established companies to the internet plays.... different rules of engagement. There's gold in thar hills.... MG -------------------------------------- It is hard to believe that AOL's capitalization is approaching that of AT&T. While AT&T has a projected earning of $4 this year, AOL has a projected earning of $0.35 per share this year. Those kind of comparisons convinced me to sell 50% my AOL at $118 today, I still have a lot of AOL shares even after this sale. It may go up a little bit more, but the current market cap is getting too big with earnings of $0.35 per share in 1999 and $0.55 per share in 2000. I think I will be able to get the 50% share back at a lower price.

To: Smart Investor who wrote (7066)	3/18/1999 7:19:00 PM
From: musea	Read Replies (1) \| Respond to of 41369

Smart, Are you doing your trading in an IRA? I mean no offense, but I think it's not very material to compare the market caps of very different companies. There are more variables that must be considered, among them, growth rate of the company, the growth rate of the industry group, the relative position of the company within the industry group, etc. etc. etc. Market cap is important, but it's only one of many measures. I'd hate to see you making your investment decisions solely based on market cap. -musea