As I write this, I have a bottle of Jim Beam to keep me company. You're absolutely right, but I do expect a final down draft before the next run up. Although it has been very painful to watch several thousands vanish from your portfolio, unless one is running from the margin police, it makes no sense to sell at these low prices. Aol still remains the stock to own as far as this sector is concerned. Personally, I've been drinking and adding to my position. I added at $130, 125, and 118 and will add more if it goes any lower. I considered day trading my account, but a friend who became a millionaire, thanks to last year's sell off of AOL showed me his portfolio. So buy on the dips if you can and watch yourself become a millionaire quicker than you thought possible. After all, those that have been holding AOL longer than 3 years should have their cost basis at about $40.00 per share.
Cheer up Guys and Gals, this too shall come to pass.
ben
Long AOL, YHOO |
