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


To: Craig A who wrote (30720)9/14/1999 7:32:00 PM
From: THE PHANTOM  Read Replies (2) | Respond to of 41369
 
Hi Craig: Finally figuring out how to use the new SI.
As for AOL. It seems to be hanging around 90-93 with no news so far. I have been heavily invested in it for some time, averaging about $30 share. I am long term and I'm not really concerned too much as to the price right now. I see it splitting next month as Amzn did earlier. Let's face it, it's not a hot stock at this time compared to Yhoo, and E-bay, but to me the potential is far greater than both of those (many will disagree with me). Anyway, as J. Paul Getty once said, buy when nobody wants it and sell when everyone jumps aboard. I personally think 90 is a great entering point. As Abby Joseph Cohen has said many times, AOL is positioned very well for the long term and she has it as a strong buy. Case is nobodies fool. It's like Microsoft in the beginning. How many people held onto it for the long term and how many sold too early? If you believe in the fundamentals then buy it or hang in there. Look, AOL could make a deal any time they want to for broadband, but why should they right now with a court case coming up that might force companies like AT&T to open up their lines. I'm sure they feel they will have to and then they'll lease the lines. If not, then they'll make a deal. I'm quite confident that companies like AT&T would like to get ahold of AOL subscriber base by making a deal with them. There's just a lot of maneuvering going on right now. It will eventually play itself out. Don't be caught waiting if some big news comes out. It will be too late. We'll see new highs; when I don't know, but bank on another split this year. That should do something for the stock. I'm sure many will disagree with me, so we'll just have to wait and see.

P.S. High Robert. Hang in there. You've got a winner.

PHANTOM