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

To: Anthony Anic who wrote (7819)	3/24/1999 8:08:00 PM
From: Jenne	Respond to of 41369

AMERICA ONLINE INC. (AOL) 115 -6. It appears that this leading online services provider has run into a rough patch on its way to the sky as for the second consecutive day, shares of AOL are off by a large amount. Given that this issue has the potential for achieving daily price gains (losses) of double-digit proportions, it is not too alarming to see the stock retreat on some profit taking. However, the price retreat comes at a time when the market is looking for leadership, and given the incredible price gains this stock has made during both good and bad times, it certainly does not help the market tone to see AOL roll-over, along with other high flying tech issues. Partly accelerating the price decline today is a downgrade on the stock from Brown Brothers Harriman. While the firm is still bullish on the stock for the long-term, it reduced its short-term investment view from "buy" to "unchanged" based on valuation as the stock had surpassed its price target of $110. As incredible as this may sound, AOL currently trades at 348 times projected 1999 earnings of $0.33 a share and 230 times projected 2000 earnings of $0.50. Still, given that AOL is a leading Internet stock, multiples and earnings are of no consequence in this new day-trading led market, which solely focuses on top line growth and momentum. Yet, despite the great franchise that AOL enjoys and the rapid subscriber growth rate it has been able to achieve, someday earnings will matter. If and when that day comes, the market could be in for a rough time when multiples are no longer measured by triple-digits, but instead are counted to reflect true earnings potential growth. In the meantime, we would not be surprised to see the stock turn on a dime and end in positive territory as the selling is probably viewed as a buying opportunity by some investors.

To: Anthony Anic who wrote (7819)	3/24/1999 8:09:00 PM
From: Vendit™	Read Replies (3) \| Respond to of 41369

Anthony.... There are other factors in play....... If you own AOL then just sit tight because you have a winner. I don't want to teach a TA class on the AOL thread but you might want to take notice of the fact that AOL's stock price has this very predictable habit of jumping off of it's 10-Day Moving Average. It then moves sideways for a few weeks and then Up Up and away!!!!!!! For another $20 to $40. askresearch.com I hope that the fact that you have been a member of SI since 1996 and have only made 2 posts on SI mean that you are not a real handle as in FAKE> Member 3289346 Edit in: I now see you have come to life and made another post for a total of 3 since 1996. WOW you sure got a case of the chatter box!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! OH my gosh...........Now you have suddenly made the 4th post onto the SI thread......why have you been so quiet????? Message 8505550