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

To: larry who wrote (11571)	4/19/1999 6:44:00 PM
From: ELIAS DEEB	Read Replies (2) \| Respond to of 41369

Don't sell your shares here, that is ridiculous! We're down 60 from high. That would be brain dead. Now's the time to start stacking shares cheap. Remember in August when all looked totally hopeless, Dell, AOL, and YHOO got almost cut in half (AOL did going from 140 to 69). Now remember the quick turn around in October and November. Millionaires aren't the ones selling now, they're the ones buying now. You don't sell after the stock tanks. I'm lucky enough not to be margining, so I'm sticking whatever's left in my checking account and throwing in Schwab (I'm trying to get my share total to a nice round number) I assure you this will be back. Just three weeks ago (when AOL was at 119 going upwards), Barrons came out with the Barrons 500. They ranked AOL #1 as the best company for future investments.

To: larry who wrote (11571)	4/19/1999 7:00:00 PM
From: Dennis J Baltz	Read Replies (1) \| Respond to of 41369

Larry Valuation and momentum are two different things and both are very important. But I don't believe AOL is overvalued. Use the PE/Growth Rate calculation for GM, GE, MSFT and AOL and other top blue chip stocks and you will find all their PEG's have similar valuations. You must compare industry leaders with industry leaders though. Coke who is #1 vs Pepsi who is #2 won't work because Coke is the industry leader and they historically demand higher PE ratios. Momentium is quite different. Fighting momentum is like trying to catch a falling knife. My Mother told me to never try to catch a falling knife or fight the momentum of the market. And my Mother wouldn't lie to me. Especially about the market. :)