AOL, now I get it Message Board

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Technology Stocks : AOL, now I get it

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To: Joseph Francis Torti who wrote (65)	11/10/1996 1:15:00 PM
From: Robert Sorrell	of 496

Joe: Thanks for your reply. I hope you are right. I only hold a few stocks long term right now even though the market is up. With December coming I think there may be some bargains coming then. I certainly dont want to get burnt like I did in July. I am being very conservative right now. I followed AOL all day and in then early afternoon I decided to purchase shares and hoped they would go up at least a little and then sell and take a small profit and see how AOL does this coming week. Well I too bought my shares at $26 and it kept trading all afternoon at that price and so I decided to hold my shares and not resell them. I felt then that since there was such positive reaction to AOL that it would hopefully continue to go up on Monday and I might just keep the shares. But like you said I feel I could have jinxed it too by keeping them. I thought it was a good buy and nothing would happen much until Monday. So, as I said I was shocked to see the difference in my account. I can just see some other small investors like myself buying at the close and then having it drop a point and getting a margin call. Luckily Im not in that boat but I am sure some investors out there might be. Hopefully, Monday AOL will open up at about what it closed. I also Emailed ESchwab for interpretation on what happened. If I hear anything before the market opens Monday I will post it. The only difference I discovered in the amount of shares traded Friday after 4:00 and on Saturday morning was the following: Friday my final quotes showed AOL closing at $26, with the volume being exactly 4,350,100 shares and then on Saturday morning another quote showed AOL closing at $25 and the volume being 4,350,000 shares.For some reason 100 shares were taken out of the original amount. I am speculating but these last 100 shares could have been withdrawn at $25 making the last quote different. Pure guessing on my part but I hate trying to follow a stock all day and knowing that it really never traded at $25 to purchase after the the first few minutes of the day. There was no further news on the stock and nothing I could find yet today. I do hope that it will open but about where it closed. Thanks for taking time to read my rambling. It must be that teacher background I have. Makes me stretch out things. Good luck to you on Monday and the rest of us. Let's try to keep this thread alive to those of us who want to be long on AOL again. Any opinions on this or where AOL will go from here? All help welcome. Thanks, As Always, Bob

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