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


To: Roy F who wrote (33997)11/11/1999 1:27:00 PM
From: Detail-MD  Read Replies (2) | Respond to of 41369
 
Been away from TV--any news on the announcement from MSFT?

Any opinions on why we seem to keep bleeding off 2-3 points every day when the inet stocks seem to be strong in general?

Seems AOL opens up and then sells off the rest of the day, with increased selling on greater volume towards the close.

Money flow and OBV still seem to be positive.

Comments? T/A?



To: Roy F who wrote (33997)11/11/1999 1:41:00 PM
From: Brian Malloy  Respond to of 41369
 
Nice little article here on Broadband. $1,000 invested in AOL in Mar 92 would be worth over $600,000 today.

The Broadband Race: Five Stocks to Watch
cnbc.com

A little investment story that wasn't:

It still amazes me when I think back and realize that I would definitely be retired now if I had put a little money in AOL when they went public.

At the time I was living in Pacific Grove, CA and using Prodigy. I had a few friends that were using the AOL service but they often complained about not being able to log on because the modem lines were so busy. Back then computer user groups were pretty big and a VP from AOL came to speak one night, like Oct of '91 or so, to demo the soon to be released GUI version of AOL. He also spoke at length about the long wait to get on line and assured the crowd that new mainframes would soon be installed to handle the problem. He said demand was high and AOL was working hard to try and keep up in many areas around the country. He also mentioned that AOL was going public.

Needless to say I thought about buying the stock but deceided not too, since hey, these AOL guys can not make sure their customers will get on line reliably so they are not going to make it. I had recently purchased shares in MSFT and INTC which have done great and I still hold today so I like to think that I would have held the AOL as well.

In any case, when AOL got creamed in '97 due to "internet busy signals" and the company said it was working on the issue; I smiled, and I was ready.