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Technology Stocks : America On-Line (AOL)
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To: Tunica Albuginea who wrote (2504)1/13/1999 9:36:00 AM
From: RocketMan  Read Replies (2) of 41369
 
Last September, during the Asian-caused mini-bear market, AOL came down from the 120's (pre-split) to around 80, which was about a 35% correction. Now look at it, a few days ago it was as high as 165 post-split, which would be 330 pre-split. I was dumb back then and sold at 80 only to watch it zoom right back up. I learned my lesson, and this time I am going to accumulate on big dips. My guess is that this Brazilian thing will impact the markets more than a week or two, then it will be factored in to the prices and we will resume marching up, but with even more momentum, in time for earnings.
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