Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: robert duke who wrote (14731)	5/4/1999 10:59:00 PM
From: Technician	Read Replies (3) \| Respond to of 41369

When you are long MSFT and it gets overvalued say to PE 75 or 80, a 10% correction comes and the stock goes down then it recovers and is back to a high PE, holding this one is O.K If you apply the above logic to AOL, then you will be left holding the bag, the above has happened, again and again and again but when was the last time a tech stock sold off from a PE of 500 and came back? This PE will be a record not to broken for a LONG LONG time, so if you can sell at a very handsome profit tommorow do so and find a cheaper stock. Historically astronomical PEs are not supported for long and we have already done so for a year, when people on this thread say AOl will come roaring back, they imply that it is O.K to go long on stocks selling 50 times sales WOW! I played AOL on momentum and knew that eventually the good times will end.