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Technology Stocks : America On-Line (AOL)

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To: HECTOR RUBERT who wrote (1543)1/5/1999 8:53:00 PM
From: Jorge  Read Replies (1) of 41369
 
Hector...I don't think TelSave had anything to do with AOL's small decline today...I think it's just one of those "Consolidation" things.

I was watching AOL closely, about a year ago, when all the other internet stocks seemed to go up by leaps and bounds, except for AOL...AOL just seemed to be stuck in a range...I couldn't understand why so I sold the few shares I bought to "chase" some of the others.

Wouldn't you know it..Within a few days AOL took off to the upside, 20 points in nothing flat...Of course, I kicked myself for selling too soon...I then waited for a pullback and bought in heavy and am glad I did.

My point here is sometimes a more solid company (AOL is THE MOST SOLID COMPANY in the Internet sector) will take some time now and again to consolidate even when some of the more speculative companies seem to keep going up...It doesn't mean anything negative at all.

Another note: Today's volume wasn't very heavy..More indication of consolidation.....I would look for AOL to move on up in the near future.

Regards, George
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