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Technology Stocks : America On-Line (AOL)

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To: Venditâ„¢ who wrote (17709)5/19/1999 8:39:00 PM
From: George Martin  Read Replies (2) of 41369
 
Vendit - Selling your T -- Jubak would say you made a good move. You'll see by his calculations that he feels T overpaid for an access mode (and access "paradigm" - that word, again !) that will be outmoded and superseded by multiple, selective, situational access choices.

I was thinking of trimming back some of my T, too, but all my shares -- current (TCOMA) and to be (UMG) -- are at a very low basis. Not quite worth it to face the taxman yet but may be soon. If I had any in tax deferred accounts, would have pared some, too, now. (**OT** That's the huge and major advantage of growth stocks in tax deferred accounts -- all your gains continue to compound. Taking 20 to 35 % of gains out of circulation on cap gains cashouts is an astonishing LT drag on compounding.)

Be glad to hear what you think of Jubak's article.

Regards,

George
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