America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: CGarcia who wrote (11014)	4/16/1999 6:41:00 PM
From: Lee Martin	Read Replies (2) of 41369

CGarcia, Don't beat yourself up about buying AOL at the short term top. Hopefully you didn't buy it on margin and won't be forced to sell. AOL is the best stock I can identify in this market. I've been in it since last Nov. and realized a few weeks ago that we were due for a pullback and consolidation. But how do you know it's a top until after you're over it? I don't, so what I do is get completely off margin during the runup (I did so at around 130) so that I would have buying power when AOL starts to break out of its consolidation pattern. Then just sit back and wait, don't get faked out by temporary blips up or down, keep your powder dry. Everybody knows that AOL will beat est. and announce a 2:1 split on APR 27. At 139 AOL is down about 17% from its high, so we've got our correction and the good news is 7 trading days away. Regards,Lee

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