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

To: Olu Emuleomo who wrote (27664)	8/2/1999 2:32:00 PM
From: im a survivor	Read Replies (2) \| Respond to of 41369

<<I agree! I think max downside for AOL is 90 and short/medium-term upside is 115. Thus, under this assumption, any buy under 95, gives you a 4-1 profit/loss ratio. (ie. sell stop on close under 90, OR sell at 115)>> I tend to disagree. $90 looks tough, but certainly it wouldn't take much to breach $90, and possibly even hit the $70's. One thing we allmust understand is the current volatility in the market, caused by many combined factors. One of the biggest mistakes we as investors can do is try and call for supposed bottoms. Essentially, it is an educated guess based on technical analysis. But the key term is guess, and thats all it is. If the bottom is breached, we set ourselves up for more downside. In it's current state, I would be very hesitant to call $90 a bottom.....we could breach that in less then 30 minutes. Will we ? Who knows, but it certainly is possible, maybe even likely, and I just don't see the need in setting ourselves up for more downward momentum. I look at it like this....I don't know where the bottom is, nor do I know where the ceiling is. I do know that AOL is one of, if not the best internet stock to own. Todays bottom, and tomorrows ceiling is of no consequence to me......where will we be next year at this time....the year after...that is what is significant to me, and I firmly believe we will be much higher. Those that have been in aol awhile will testify that you will drive yourself insane trying to time this stock, or let it's daily volatility get to you. Best bet is to just relax and don't worry about things unless something fundamentally changes within the company. The only major change I see, is that AOL is becoming more of a cash machine quicker and sooner then I anticipated. Good luck to all KG