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

To: ChinuSFO who wrote (26826)	7/26/1999 9:25:00 AM
From: RocketMan	Respond to of 41369

I agree that in the last few months it has not mattered, as far as the stock price. Sometimes I wish I had the time and ability to trade this stock. But as a long term holder, AOL's deals and earnings have mattered greatly. Without them, I would not be long, nor would many others. With AOL firing on all cylinders and getting hit, can you imagine where the stock would be if they were missing earnings or not getting their share of the market? But perceptions are the reality in the marketplace, for better or worse. And we don't know what makes these stocks go up one day and down the next. We can guess, but we really don't know -- other than some buy, some sell. One thing we do know, that perceptions change. And as long as earnings and execution is there, the stock price will adapt to the perceptions, and one day AOL will again be the stock to own. After all, you can't be the leading internet company, execute quarter after quarter, and be left in the running in favor of money losing dogs forever. The market is crazy, but it is not that crazy. So I'm with you, Greg, Vendit, and others. I just wait and enjoy the summer, thankful that I don't need the money tomorrow. As far as cable goes, T is also not that stupid. They can not ignore 18M subs forever. The reason AOL is not being proactive right now, IMHO, is that cable is not there yet, and won't be there for a long time. I am not talking about ATHM's relatively minor share of 1M or so. I mean, if you put 18M subs on cable, first of all, the local infrastructure is not there, but even if it were, the system would choke, making 56K look downright speedy. If T wants to bleed red wiring the nation for cable, let them. So time is on AOL's side right now.