To: Keith Howells who wrote (11814 ) 11/12/1998 9:30:00 PM From: THE PHANTOM Read Replies (1) | Respond to
Keith: The split occurs as of Monday 11/17/98 (2 for 1). Internet stocks are the hotest thing in the market right now. 52 week highs for AOL up about 5 times. Yahoo up about 9 times. You have to be very careful though because these stocks, AOL included, can go down as fast as they go up, i.e. the last hit the market took AOL went from the 130's down to as low as 69. I believed in the company though and I just stayed put, believing AOL would come back as it did. I'm not interested in YAHOO personally due to its volitility. It really hasn't shown much in profits and it's not expected to really show much in profitability until the year 2,000. Then,,,,,,, who knows. That's what people are gambling on. To me it's a crap shoot. Obviously those that bought in low have been really rewarded. I personally just do not wish to put my money there. E-Bay has also been up this year, approximately 5x the low, although it was much higher earlier. There, you are banking on the sale of products over the internet. I personally do not think it will be very profitable in the near future, but then again, you are banking on the future. What it holds, that's for you to decide. If you think it's good, now's the time to get in I would guess, but the stock is still very expensive as is Yahoo. I don't have a crystal ball. I've seen over the years that the hot stocks one year become the dogs the next, usually sometime around the middle to end of January of the next year after people jump on them early after hearing how well they did, i.e. Biotechs, overseas investing, etc.
