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Technology Stocks : America On-Line (AOL)
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To: Judith who wrote (19060)5/27/1999 11:45:00 PM
From: David Petty  Read Replies (1) of 41369
 
Judith, you all sound somewhat like me. I had an original position in AOL back from when it was 98+, but then I added more than I should have when it fell from 175-176 to 147 (did not use margin so I get to decide if/when I fold... do not plan to but....)

You have hit the nail on the head tho in terms of freeing the money tied up in AOL to put on some stock that maybe does have legs NOW.
Is it going to be like the proverbial line at the bank... you get in the shortest line, it does not move, so you move to the other moving line and it stops while your original line starts moving briskly. CMGI does seem so very very tempting (I played it some time ago when it made its first big move, then recently got bit on it but closed the position). It would ruin my thought processes if the day after I move it to another stock like CMGI, CMGI then falls and AOL rockets.

I know that AOL will be ok eventually... it's just that eventually maybe to far in the future for me.

David II
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