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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Crystal ball who wrote (22062)	6/14/1999 3:58:00 PM
From: Fred B.	Read Replies (4) \| Respond to of 41369

Wow, what the hell happened?? I am overseas for 3 weeks and AOL drops to 90!!! Folks, allow me to throw my 2 cents in the foray: 1) In evaluating whether to own AOL or not, you have to answer one fundamental question. Do you believe in 'net economy or not?? Do you believe that this is really a new industrial revolution that would change the way commerce is conducted in the next 50 years or is it just hype?? If your answer to this question is no then you should not own any internet stock. If your answer is yes, then you should pick companies within the industry with viable business models (my picks of such companies are AOL, YHOO, and cmgi). I humbly suggest the following strategy: 1) never buy any of them on margin. 2) dollar cost average buy the companies you think are with viable business model. That means buy a few hundred (or a few dozen, whatever the case may be) shares at specific intervals(beginning of the month, end of the month, etc.) regardless of whether the price is up or down. 3) Do not try to time them and find a bottom or a top. If you are right about your assumptions on the viability of internet and the business model of the specific company you have chosen, you will be more than happy in five years. I have followed this strategy on AOL and YHOO for two and a half years and on CMGI for a little more than a year and as a result I don't even care if AOL goes to 50 and yhoo goes to 70 in the next month. Time has been on my side, so far ,on these companies and I believe that it will be on my side in the next five years also. So, just a friendly suggestion : relax, turn the screen off for a few hours, and take a walk in nature. If the fundamentals of E-commerce or AOL change, then it is time to worry.