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


To: Pruguy who wrote (33500)10/30/1999 9:21:00 PM
From: CGarcia  Respond to of 41369
 
Pruguy, I always said I was long until $500, but I've also said once we hit $200 or so, I might sell half my position in order to trade AOL. I guess since I once had over $100,000 worth of assets, and now only have about $30,000, I'm getting itchy to try and regain my losses as soon as I can...I do want to stay long on AOL until $500, but it would be nice to have some money on the side, should the market do it's usual jitter dance, where I could always wait it out and buy back in at a lower price...I just want to diversify a little I guess, but as of now I'm still long AOL until $500 with either 100% or 50% of my shares, should I decide to trade some with any gains beyond the $200 target.

CG



To: Pruguy who wrote (33500)10/31/1999 8:14:00 AM
From: im a survivor  Read Replies (1) | Respond to of 41369
 
<<I have heard you say 100 times you can't time the market and you are long until 500...I always agreed with you

>>

I agree. It works great if you time it right, but not many do. If your wrong, your left at the station when the train leaves without you. If you want back on the train, you will pay more for your ticket.

It's one thing if your talkin about an iffy stock. BUT AOL...well I think in 5 years AOL will be much much higher. Why risk getting screwed short term, when it risks the long term picture.

But then again...time it...miss it and buy it back $30 higher...sounds awful, huh ? In 5 years, will that $30 seem like much ? Probably not ! Still, I choose not to try and "time" aol. I can do that with many others...AOL I just buy and hold...maybe buy more on the dips.

Have a great day