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Technology Stocks : America On-Line: will it survive ...?
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To: James F. Hopkins who wrote (2244)3/7/1997 8:46:00 AM
From: LordDarley   of 13594
 
<when she hit 60 or 70 to see her fall like a rock
to the twenties, they don't think it was no big deal !, and
had you bought her back then neither would you.>

Jim, you have to use common sense. Anyone who bought AOL (her?)
in the 60's and 70's suffered from "irrational exhuberance." The stock was only at 11 twenty seven months ago. It was a good buy recently in the mid 20's.

Frankly, had I been an insider I would have sold like crazy when it was in the 50's and up. That was just too high, too fast, so why not take the money? That's what stock trading is all about: identify stocks where there is too much emotion on one side or the other. (Right now, the irrational emotion seems still to be in the bearish camp, in my view.)

There's an interesting common theme in the negative AOL postings on this board which goes way beyond money. It has a fundamentalist, almost religious, tone with real hate for managements which are not Jimmy Stuart-like in conduct. I would never trust these canny types from Vienna as trustees. But they seem to be much shrewder than their competitors (H&R Block in recent years comes immediately to mind).

I'm glad you at least identify your trades in your posts. Most folks here don't seem to have real financial stakes and are just blowing steam because they don't like AOL technology or business practices.

Regards,
LordDarley
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