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Technology Stocks : America On-Line (AOL)

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To: Ed Forrest who wrote (24597)7/2/1999 9:26:00 AM
From: Dr. David Gleitman  Read Replies (1) of 41369
 
Good Morning Ed:

Sorry I couldn't get back to you any earlier. My cable modem was down for several hours last night. I guess cable does not represent the panacea that it was supposed to.

I'd like to think that it is basing itself for another rise, however there appears to be some concern with "free" ISP in parts of Europe, dilution of profit by subsidizing purchases of "free" computers (compuserve), cable vs DSL, etc...

What we need is a good summer rally. This would diminish some of the above mentioned concerns. Looking at this morning's comments from Worden (TC 2000) (for what it's worth), he indicates that Lehman Bros places it on it's "uncommon values" list, but Worden is still a little skeptical, but does indicate that AOL is looking better and better since this nasty correction.

I'm still hanging in there. In reviewing my trading habits over the past year, I have found that it would have been a lot more profitable to buy and hold then to try to second guess the market. By the time there's a significant downdraft felt (and some sort of concern/panic sets in), most of the profit is gone and that panic selling point ends up being the turning point. Thats when we usually end up kicking ourselves in the butt. I'm not the one to talk (I've been guilty of micromanaging stock/practice/etc...), perhaps it's better to let it be and hang on for the ride. Premier stocks don't usually dissapoint over the long run.

Hope this helps,

David
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