Not selling your AOL you just bought, are you ? There is no doubt that people that own many of the internets need to really watch their issues daily, but I feel pretty strongly about AOL. They may correct when the rest of the market/sector corrects, but I still feel you are fine long term.....no need to sell AOL on fears of a correction...IF you are in this for the long haul. 5 years from now, I think all AOL shareholders will be glad they bought....forgot about it and still have it in their portfolio.
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Another one you may wish to look into if you like the internets. UBID is IPO'ing this coming week. They are similar to ONSL, and other internet auction houses. In some ways they are similar to EBAY as well, but as a whole their business model is more like an onsale then an ebay. Their numbers look good....especially when compared with valuations of other similar co's. They will be coming out in the $12 - $14 range, unless it is bumped up a tad at last minute. Who know's where it will open, but at less then $50 - $70, it is a bargain compared to the others. I am not saying it will open or get in that range...it could.....I don't know. What I do know, is they are no different then the others, and they should hit similar valuations. Doesn't mean this sucker wont sell at $12 and open at $6, but if the other internets....and other internet ipo's are any indication, I would think it would have a considerable gap up the first day, and first 2 months of trading. Of course, this is JMHO, and I certainly don't have a crystal ball.....just thought I'd mention it to ya.....Happy Trading. |
