TO ALL :
In scanning over the posts I see quite a few :
" Does anybody know what AOL will do tomorrow...I am so confused"
" should I sell now and buy back lower "
" what will AOL do long term "
" is AOL over priced "
" are the internets due for a letdown "
And many, many more.
First, if any of us knew what AOL was going to do tomorrow, next month or next year, we would be filthy rich, retired and not wasting time on bulletin boards.....we would market those crystal balls that told us the future and go buy a country somewhere to live out the rest of our lives.
Secondly, if you are concerned about a $6 drop in AOL, then this is not the stock for you. $6 is nothing. When you invest in this type of company, you must be aware, and accept that big swings can, and will happen. If you can't stomach the swings, go buy something more stable. I also don't understand why so many people do back flips when we see a $20 rise, but then get their pants in a frizzy on a few dollar drop. If you weren't asking the question 2 days ago " what's wrong ", when the stock was up, don't ask that question now, only 2 days later, after a $6 drop. That is just plain ridiculous. AOL is not some fly by night company. They will not go from Gorilla to monkey in 2 days. If you felt good 2 days ago, you should feel better now, because you can buy more at a cheaper price.
Lastly, everybody do themselves a favor and do a case study like I did comparing 10 or more relatively similar, yet diverse companies over a 5 plus year time frame. If you had watched these stocks on a daily basis, you would have seen big rises and big falls...lot's and lots of movement. Maybe you bought and sold during this time. The end result however, is the people that bought these companies...and HELD these companies, fared SO MUCH BETTER, then ones that daytraded or ones that sold too early to lock in a nice profit or because they were panicking over a short term loss. Lets face it - if you bought DELL at $20 a share 10 splits ago, it would have been tempting to sell after a split or 2 and a $50 share price. I mean, a nice 300% - 400% profit aint too shabby...I think I will sell and lock it in. Yea, well do ya think the person that sold DELL, Microsoft and etc, etc, etc, etc, 3 years ago, is happy as he sits and calculates how much money he lost out on by selling too early. AOL is no different and the bottom line is 1 of 2 things. you either don't believe in AOL, in which case you should sell your shares or you do believe in AOL, in which case you should keep your shares. But either way...have fun looking at it on a daily basis if you wish, but don't get yourself in a tizzy if it jumps $20 up or down. AOL is gonna be a big mean gorilla for the next few years and those that accumulate and hold will be happy campers. those that didn't buy will wish they had, and those that bought, but sold early will kick themselves in the rear for the next 10 years for panicking and selling their shares in the best performing stock of the last few years.
lastly...a happy and healthy 1999 to one and all. |
