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

To: Andreas who wrote (13703)	4/28/1999 5:44:00 PM
From: RocketMan	Read Replies (1) \| Respond to of 41369

AOL at 142 now, AMZN down 15 after hours. Seems AMZN's numbers are not as strong as some expected. But I agree with you that the numbers don't really matter. AOL's numbers were great, yet the current rule is to sell on news. Who knows what tomorrow's rule will be. Either: Techs suck, buy cyclicals Cyclicals suck, buy techs Buy on good earnings Sell on good earnings Pick one...

To: Andreas who wrote (13703)	4/28/1999 5:44:00 PM
From: ChinuSFO	Read Replies (1) \| Respond to of 41369

<<....Buy during early part of quarter and watch run up until earnings release date. Sell about two days before earnings release and then repeat cycle.>> Andreas, I totally agree with your opinion on this.

To: Andreas who wrote (13703)	4/28/1999 5:53:00 PM
From: J. C. Dithers	Read Replies (1) \| Respond to of 41369

AMZN numbers don't matter! They mean everything. Few investors hold AOL in isolation. If they hold AOL, most likely they hold AMZN, YHOO, EBAY, CMGI, etc. along with it. The major nets rise and fall as one. All these nets had decent first quarter earnings, but the first quarter is the weakest, there were no blowouts, and investors' expectations were wildly overblown. Look for further declines in the A.M., a recovery later in the day, and a huge sell-off of nets Friday P.M. The quality nets will have a resoundingly successful year, but the next real take-off won't be until the early fall. Until then, expect 10-15 percent swings back and forth every few weeks. Good luck and don't get an ulcer!