Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : ITEC classic turnaround with Internet twist -- Ignore unavailable to you. Want to Upgrade?

To: im a survivor who wrote (257)	7/9/1999 10:38:00 PM
From: avanti77	Read Replies (1) \| Respond to of 431

OT to KG I'm not sure if it's cause I'm tired or what, but can't seem to find the link to make this a private message. Apologize to ITEC board. <Ouch...I tell you what, I never sell my core holding in AOL. In fact, I was buying it up from $110 down to $90. It's funny, when most people were having heart attacks during the big drop, I was actually very pleased. Bottom line is AOL is the best quality internet stock to own for the long term. The internet hasn't even scratched the surface yet...AOL will always be a leader. Anytime you are talking long term quality, you should hope for downside to create buying opportunities. As a large shareholder of AOL, naturally I was upset at a drop from $175 down to $90, but the loss is only on paper. I was able to scoop up more shares at a very discounted price...a year from now, I will look back and be thankful the drop happened, as will most smart and prudent investors. The one's that will be kicking themselves unfortunately, will be the one's that got scared out of their shares. As I said, if you are talking quality, there is is no reason to sell in a " market correction ", and in fact it is the best time to prosper and make excellent $$'s by buying up the cheaper shares. Have a good one...hope you get back in soon> Yes, I remember you posting your buy @100 - kudos for waiting. It's not really that big a deal to sell my AOL shares, since I hold them in a Roth IRA account...hence, no capital gains. I had planned on getting out at the end of April, after a tremendous run (from November). Didn't hit the high, but got out between 150-160. Re-entered in May, but volume was weak, and I headed off to the sidelines again. You're right about it being a great core holding, but I'm still building equity in the IRA, and can't figure any good reason not to exit when target prices have been realized, and re-enter again later. I invested in something else when the Nets were getting slaughtered, and will probably sideline to cash during August.