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Technology Stocks : America On-Line (AOL)
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To: Becky who wrote (21791)6/14/1999 5:23:00 AM
From: Frank Ellis Morris  Read Replies (1) of 41369
 
>>I rode AOL all the way up to 90, then down to 22. I panicked
and sold at 24. Soon after that, AOL went up to 120 and split TWICE. I had 800
shares when I sold. You do the math on that one! The moral of the story is: Don't
panic and don't sell.<<

You may be right about the future but the stock of AOL and many of the other internet stocks climbed the stratosphere after the Fed started cutting its lending rate. Now the opposite is happening and appears to be causing the reversal for many of the internet issues.The focus and carefree euphoria is not the same as it was. There are many who have large positions in AOL due to its splits and they are quite upset to see that every time the stock falls a point they are down and feel they are loosing thousands or tens of thousands of dollars. What do you think they will do? There is only so much beating that anyone can take.

Frank
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