America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: ben. who wrote (22290)	6/15/1999 12:43:00 PM
From: Joe S Pack	Read Replies (1) of 41369

Ben, You put it succinctly. There are people who have bought AOL as an investment and there are who wants to position trade and there are a lot of day traders. As the time horizon shortens their motive and hype/doom invigorates. People with gloom show up in droves when the price falls. They bring the same gloom and doom rationality and they don't have any thing original or vision. As their thinking is always clouded by gloomy outlook, openness and vision are antithesis to their mind. One best way to deal with such a group is to ignore them. I have AOL around 40% of my portfolio and bought them as a long term investment and did not sell in this manipulation cycle. -Nat >>> nvesting is inherently risky. The premise behind investing is the assumption of risks. Having said that, wasn't the same doom scenario you're painting painted about the stock market itself a few decades ago? Did someone not say the same about television, automobiles and cell phones? To refresh your memory, in the late 1950s when GM first introduced AirBags in cars, people went to court to stop them. Yes the hair cut has gone lower than I would like, but I will not sell. What is going on is a major shakeout and reallocation of wealth. Weak hands are being flushed out, pure and simple. 80% of all investments in internet companies come from individuals. This has never sat well with the major players. As soon as they get their hands on enough shares, the selling will cease. Remember the the BioTechs? If you had loaded up on AMGEN ($10.00) when same doom scenario was painted ten years ago, you will probably not be on this board. What goes up must come down, and up again. I only worry about something that has never gone up. ben <<<<

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