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

To: SLSUSMA who wrote (36950)	1/10/2000 5:40:00 PM
From: Dr. David Gleitman	Read Replies (2) \| Respond to of 41369

The arbitrage route makes the most sense for me. Something to consider at the open tomorrow. I was slow at the trigger this morning, first being dumb founded by the retreat of AOL during the pre-market session only to find AOL rising shortly after it opened. I was transfixed by the volume and by the fact that AOL was maintaining their valuation for most of the session despite the large volume and arbitrage. My delusion/hope was that AOL would consolidate and climb. After finding it retreating into negative territory I decided to punch out. Heart of my problem was not reading the details of the deal and putting two plus two together (shame on me!!!). Another positive is that Time Warner may be fully marginable as opposed to AOL which requires 60 percent. I guess I shouldn't complain, I still made a nice profit over the five-month period although not as much if AOL would have remained at 95. One of my problems is being afraid of taking too much profits and of "falling in love" with a stock. I ran into that type of situation with Dell. An important lesson is to learn when to leave the party before it's too late and your asked to cleanup or lock up. Now let's see what tomorrow brings. Best wishes to everyone. David