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

To: Michael Bakunin who wrote (15761)	5/7/1999 7:51:00 PM
From: RocketMan	Read Replies (2) \| Respond to of 41369

What's so crazy about 40? 1. That would be a 75% correction off the high, something only penny stocks or companies that have serious financial problems undergo. Not even Compaq, with a -50% earnings surprise fell more than 50% or so. And need I remind you that AOL had a positive, not a negative, surprise? 2. At 40, AOL's market cap would be be around $40B, and its June 2000 PEG would be around 1, less even than some value stocks that are in vogue today. This after earning $1.3B this summer and being the leading internet provider and one of the leading growth stocks in the market. In comparison, AMZN's cap is $22B and it is bleeding red. 3. At 40, every fund in the country would be scrambling to buy in and outperform those funds that did not buy in at those levels. I and others would be mortgaging our homes to buy. Need I go on?