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Technology Stocks : America On-Line (AOL)

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To: CGarcia who wrote (37271)1/11/2000 4:25:00 PM
From: Frank Ellis Morris  Read Replies (1) of 41369
 
>>..I sold all my AOL yesterday when it was
down just $1...looking back it was a smart move...I didn't want to do it, just lost faith
that AOL stock will have the type of gains in the future, that it had in the past...I was
burned badly when I bought Compaq after it acquired Digital a few yrs ago...the
stock has yet to recover..<<

You were smart to get out when you did. I did not like the deal as they day wore on and I had ample time to think about it but just like the Compaq-Digital deal, this one between Time Warner and AOL has too many downfalls with outrageous or should I say obnoxious debt and detriment to the shareholders. I bailed out of this soon as the trading halt was lifted. Got out at 68. I too wish everyone well with this stock but I do not see AOL as being a profitable stock for a long long time to come.

Frank
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