PS -- <<I used to follow your posts on the AOL thread, as you seem like a straight shooter. (I haven't re-entered my AOL position yet, as I got busy putting money elsewhere) >>
Ouch...I tell you what, I never sell my core holding in AOL. In fact, I was buying it up from $110 down to $90. It's funny, when most people were having heart attacks during the big drop, I was actually very pleased. Bottom line is AOL is the best quality internet stock to own for the long term. The internet hasn't even scratched the surface yet...AOL will always be a leader. Anytime you are talking long term quality, you should hope for downside to create buying opportunities. As a large shareholder of AOL, naturally I was upset at a drop from $175 down to $90, but the loss is only on paper. I was able to scoop up more shares at a very discounted price...a year from now, I will look back and be thankful the drop happened, as will most smart and prudent investors. The one's that will be kicking themselves unfortunately, will be the one's that got scared out of their shares. As I said, if you are talking quality, there is is no reason to sell in a " market correction ", and in fact it is the best time to prosper and make excellent $$'s by buying up the cheaper shares.
Have a good one...hope you get back in soon
KG ( sorry for the OT post here on ITEC ) |
