America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: freeus who wrote (11072)	4/17/1999 9:25:00 AM
From: Out_of_the_Trap	Read Replies (2) of 41369

We reached our psychological peak about 2 weeks ago(some of the enthusiasm on this thread reflected sentiment of, “This stock is 10 foot high and bullet proof”, kind of talk). Very bullish. If the same rule applies, we may be approaching the psychological bottom. Becoming more(by some) bearish. In some of the talk yesterday there was a tone of near panic. Lost confidence(in the decision to buy in the first place) and not certain they should hold. In all of this clamor and in the final analysis(IMO), the company fundamentals have not changed one bit! In fact there has been fantastic news, acquisitions and more(positive rumors going into earnings. Things, if said 2 weeks ago, would have added to a higher price for sure), yet the psychological aspects are ruling the day. Could it be that simple? I kind'a doubt it. But I would like a reality check. I'm somewhat new at all this. I've been very fortunate these last 2 years having achieved a 4 baggier on my little portfolio and I need to KNOW better how/when to take action. Your thoughts please. OT

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