To: Dr. David Gleitman who wrote (26701 ) 7/24/1999 9:56:00 AM From: Marvin Mansky Respond to of 41369
David G: Who can think of the X-Mas season now. But is it worth sitting tight enduring the girations of the stock until then? I think so! We will be richly rewarded as you say by the end of the summer, when thoughts change to football and buying new computers. I have never picked a stock that went straight up, or even zig zagged up right after I bought. Most of the time I have experienced a downturn and then over time watched my investment grow. I expect that will happen with AOL. I purchased 3K at 125, I am down (on paper) $51K now, but, let's be real, I own AOL this time for two whole weeks. I believe the blockage of MSN Messenger from AIM will be welcomed by everyone. Also, the Alliance is very important and overlooked. The Alliance between AOL, Netscape and SUNW is very powerful. Why? The enterprise software that will come out of the alliance will bring e-Commerce to a new level. The middle size and small business will have a tight package of software to place their business on the Internet. This is a $15 to $20 billion business which AOL Business Service Unit will capitalize on. Don't forget Shop@AOL, this will add revenues and take away revenues from Amazon. Finally, people like AOL. They do not want to change their e-mail addresses to change to another service. Forget free service here in the US because most telephone services are free to begin with. AOL in its conference call said that their renewal rate of membership is at an all time high. In short, sit tight, let the daytraders knock themselves out. I hope the short interest on AOL gets real high, so the stock will poop up real fast after they scurry to cover their shorts!