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Pastimes : ASK Vendit Off Topic Questions
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To: Sherrie Holton who wrote (441)5/24/1999 1:11:00 PM
From: Vendit™  Read Replies (1) of 19374
 
Hi Sherrie,

AOL like most of the Internet stocks have gone into an oversold range accompanied by some technical weakness. I believe that AOL is at the bottom of it's range now. $120 has shown very strong support several times.

As far as Y2K, everything that matters in the US has been fixed already. We will not experience any major problems contrary to what the doomsdayers are telling us. There has been a mini industry built to peddle various Y2K help books ect that are not needed. They continually hype this as a disaster so as to sell their wares. I personally believe the American public will be educated about this as we get closer to 2000 and very few will panic.

The people screaming sell on the message boards are short sellers. They want to panic the investors into selling in order to drive the price down.

At times like this it pays to recall all of the institutions that have AOL priced targeted over $200 in the future. This would be a near double from here. AOL is one of the top companies we can own so I feel very comfortable holding it during these down days. You never lose a dime in the market until you sell something. Nothing has changed fundamentally with AOL and no brokers have down graded the stock.

Vendit

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