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Technology Stocks : America On-Line (AOL)
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To: FlameMe who wrote (21909)6/14/1999 10:18:00 AM
From: Dr. David Gleitman  Read Replies (3) of 41369
 
I had a dream a little over two weeks ago that AOL would "implode". I still held tough as it sailed down through as it went past 120, 110, 100. I reached my maximum pain threshold and needed to preserve (what's left) of my capital. Sold it at market at 93 1/8. It's ironic that after being interviewed in the wall street journal and indicating that I would be hanging tough, it's all a matter of pain tolerance. It hurts to watch a company's valuation (and profits) shrivel/implode right before your eyes. Seems alot easier to lose money then to make it these days.

I'll think I'll go lick my wounds now (is it covered by managed care?).

Best of luck to all.

David

PS: Now that I sold it, it should be ripe for a sudden explosive reversal to the upside.
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