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Technology Stocks : America On-Line: will it survive ...?
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To: steve lipson who wrote (6511)12/18/1997 1:48:00 PM
From: Brent D. Beal  Read Replies (1) of 13594
 
***Why Brent, that's exactly what the parable suggests. I'm just dumb enough that I still
own the stock I bought in mid-96 for $40, dumb enough that in my story you would
likely end up holding $100 and me nothing, and dumb enough that I think that if you
and I sat down at a poker table together you would never know what hit you.
***
Instead of a poker table, let's just compare our investment earnings in about 6 months assuming that you hold onto the stock. In fact, just to make it easy, if you aren't under water (i.e. AOL is under $40) is 6 months, then you win.
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