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

To: sam who wrote (16047)	5/9/1999 9:57:00 PM
From: billkirn	Respond to of 41369

Sam: Good comparison and contrast with AGPH. One other event I am basing my short on, is the way stocks that rise exponentially tend to fall vertically once the momentum is reversed. I am guessing this is occurring now. Also, don't you think the telcos will eventually get compensated for the local loop being used for data. This could drive up the cost for internet connections via slow speed modems. And can you imagine AOL having a market cap approaching GE's and a PE of around 500. I think its PE will come down to around 50, which is still extreme in the face of increasing doubt about its ability to continue its present growth track. Once the sentiment changes it becomes a vicious and nasty fall.