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Technology Stocks : America On-Line (AOL)
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To: t36 who wrote (25790)7/15/1999 11:39:00 PM
From: HECTOR RUBERT  Read Replies (1) of 41369
 
T36..The Fidelity News are old and its effect its short term...however

The fact that they reduced their AOL positions and others followed suit should make you and all other AOL LONGS very happy. Why? Let me explain:

1)MAGELLAN reduced its AOL position from #4 to less than Top 10 back in May which is when AOL began its weak decline.

2)Other Funds who follow MAGELLAN disposed of their holdings as well during the same period.

3)This means that the selling from FUNDS is over. They already reduced their positions waiting for the outcome in the broadband war between AT&T and AOL.

4)Remember this same funds that sold AOL will be the same funds that will buy back AOL at a future date once these issues are resolved.

5)The key to getting a double or triple is to own before the funds buy and not after. AOL skyrocketed from January to April because the funds were buying. I bought in December, before the funds jumped in.

6)Today we sit at $121 even after all the funds reduced their positions. Thats $242 pre-split for the year..still a great return on your investment ytd.

7)The great news is that AOL ran from $90's to $350 pre-split during the funds buying spree into April. WOW!!!

8)With the broadband issues expected to be resolved soon, AOL will come back in favor and make another run supported by strong buying from the funds but this time we will start the run from $120's.

Again the key is to be in before the big cats jump in. They are out right now but not for long. They made good money on AOL and will be back for more once the broadband issue is resolved.

Regards,

Hector
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