America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: THE PHANTOM who wrote (2850)	1/18/1999 8:18:00 AM
From: Jorge	Read Replies (1) of 41369

PHANTOM...<<. One must understand though that when the net stocks correct, and I assure you they will, AOL will go with them. Check out August/Sept. 1998 when AOL went from approximately $140 a share to about $70 a share. >> Many issues went down 30-50% at that time...And that's what I said....I don't see AOL going down "significantly" unless the whole Market tanks like it did in Aug./Sept. The risk you are taking is timing an entry that will more than make up for the 28% capital gains taxes you'll have to pay....I don't think there is that kind of risk/reward potential in AOL...Then if you conclude, after selling, you were wrong, you've paid Cap. Gains tax AND perhaps even bought in higher or at least at a worse overall position, all things considered...You may find later you would have been better off if you would have just rode the ups and downs and did nothing. If you think AOL is going back up, why sell? Regards, George

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