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


To: larry who wrote (22064)6/14/1999 3:17:00 PM
From: Rose K  Read Replies (1) | Respond to of 41369
 
Does anyone have any opinion about all the institutional buying going on with AOL? They keep buying, but the price keeps dropping.

thomsoninvest.net



To: larry who wrote (22064)6/14/1999 3:23:00 PM
From: Sam  Respond to of 41369
 
Every day I come back to this thread there are hundreds of posts :) When will this madness stop? Give your mind, blood pressure and eyes a rest and let AOL ride the market gyrations.

I haven't sifted through the hundreds of posts, but I'm guessing the bears are bringing up the same dry points they do every time the stock goes down:

1. Broadband -- please chose your flavor of the month.
2. AOL's recent slide -- as if all the other techs aren't going down.
3. MSFT, MSFT, MSFT. Oh, and recently ATHM, T, ATHM, T.
4. The short standby argument -- "Why do I need AOL, I can get everything the offer for FREE on the Web ..."
5. And the grandaddy of them all -- "I hate AOL, so it must go down! Never mind the 17million+ subscribers, America hates AOL!!!"

I've been in this stock to long to let this "correction" worry me. If you trade to make money, more power to you. After the usual summer slowdown has passed, every analyst and their mother will be banging the table for .com this, .com that. E-Commerce will be the flavor du jour, and AOL will lead the pack again.

So stop fretting, and do some due diligence to pick up bargains :)

S.