First of all, not short. No longer long. No position. Like AOL, but not at the price, and particularly not now. People, you need to have a time horizon longer than next week. I trade stocks and options short term, and have long term holders I won't touch. Interest rates are going up. On June 30? My guess is no. Between now and the end of the year? Yes. Y2K is going to tank the market, my guess - starts around August. Pull a chart on damn near any stock. Chart next year will look just a year ago. We're in for a big drop in late summer due to rate hikes and Y2K. Do I think it is justified (Y2K)? No. But it is a known event, some people are paranoid, and institutions will take full advantage of the potential frenzy to make money on the short side. It's going to be ugly. Internet stocks, even AOL which is clearly a blue chip in the sector, are going to get pounded. Any stock perceived as overvalued will get trashed. I like AOLs position going forward, a little concerned about broadband access, but it looks like the govt may work the issue for AOL and others. Just can't justify the price right now. I think I'll be able to buy at $50-60 towards the end of the year, which would still put the P/E around 100, but seems in the ballpark based on the growth rate. Internet stocks are a more dangerous place than ever to have money in now. Good luck.