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

To: CGarcia who wrote (25555)	7/13/1999 12:15:00 AM
From: Ed Forrest	Read Replies (2) \| Respond to of 41369

Reading material: Ed . Here's one of my favorite excerpts from my friend who listens very closely to Steve Harmon. I believe AOL is probably the best long term stock to own. As a result and IMO, I think it is counter-productive to look at the daily fluctuations (with the possible exception of buying more on dips). There is a tendency to over react to daily news and stock price changes and you can lose focus that you are really long on the stock. Most investors who look at the stock price daily aren't truly long. Instead,they are continually looking for posts and news to either confirm or refute their long position. In other words, they are not really committed to their long position and they do not have faith in their original decision to buy AOL long (otherwise they would buy it and check in periodically). I know this is very hard to do, especially if you are heavily invested. In the recent best seller "The Millionaire Next Door" the authors pointed out that there were very few stock brokers who became millionaires because they had looked at the stock price every day and they would sell their positions in stocks that would have made them millionaires if they had only held on to them. Let's face it, many of us play the stock market like it is the lotto-we want to hit real big real fast. But just like the above mentioned stock brokers learned and what we should learn-when it comes to AOL follow these 3 rules 1)don't sell 2)dont sell 3)DO NOT SELL! You will thank me in 5 years. Don't become an investor who says 10 years from now " I wish I had held on to AOL-I would be rich today! Of course, the above is my opinion and each person should invest based on their own research and investment goals. Steve Harmon, who is one of the top internet company analysts recently said that the one stock that your grandchildren would look at you funny if you did not own for the long term is AOL. He believes that AOL is the best long term internet stock and anyone interested in investing in the internet,in the future of commerce, and in our digital future should own AOL stock. He also said that AOL is the only company that Microsoft is afraid of. This is good enough for me.