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


To: robert duke who wrote (17086)5/14/1999 12:16:00 PM
From: Joe S Pack  Read Replies (3) | Respond to of 41369
 
Robert:
Yes that will happen as long as the macro economic picture remains the same.
Today's CPI has poured water into the campfire, at least temporarily.
Next week will be interesting as the Feds meet on 18th (which I think
may not make any news because Bond market is taking care the Equity market)
and Mr. Case is meeting analysts on 19th to stop and reverse AOL's
slide. Even Mr. Case cannot help if Mr. GSpan announces bias change
on Tuesday.
So we have to wait for a while before we see 150.
-Nat



To: robert duke who wrote (17086)5/14/1999 12:51:00 PM
From: Venditâ„¢  Read Replies (2) | Respond to of 41369
 
Robert,

I higher then expected inflation number was released before the market opened. The White House has since come back and said there is no cause for alarm. The areas that saw the increase were mainly gasoline and tobacco. Core inflation is very small still. FWIW

Vendit



To: robert duke who wrote (17086)5/14/1999 2:22:00 PM
From: KY  Read Replies (1) | Respond to of 41369
 
Simple answer to that question. Inflation worries will always absolutely crush high p/e stocks.

Doesn't help that AOL has been producing lower highs lately.

KY