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

To: Ed Forrest who wrote (18917)	5/27/1999 1:06:00 PM
From: Steeny	Read Replies (1) \| Respond to of 41369

You bring up a very interesting point. Comparing last May to this one: On the positive side, like last year, AOL broke a longterm trendline in May. Last year it recovered quickly. Last May, AOL declined about 13% highs to lows. This year, we are already down 30% from the highs. 1: last May, AOL's PE was below 60, this year still above 300. The divergence between AOL and the rest of the market is much greater than it was last year.