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Technology Stocks : America On-Line: will it survive ...? -- Ignore unavailable to you. Want to Upgrade?


To: Dr. D who wrote (13144)12/27/1998 11:46:00 AM
From: LindyBill  Respond to of 13594
 
RE: Stop loss order on AOL:
First off, thanks for all the responses!
Pruguy:you say you are a long term investor Sorry, Pruguy, I am in the market long term, not any particular stock! I will own Microsoft and Cisco until the basic story changes, but I would leave AOL or Dell in a "New York Minute" if they don't hit their numbers. I use the "Russian Army" method, reinforce success. That is why I have increased AOL and MSFT this year, and decreased Dell when they went "flat".
KG4:10% is nothing for a stock like AOL. Hell, 15-20% is nothin on AOL.
Mark Kubo:According to MarketEdge TA site, the mean daily volatility of AOL is 5.2%
If Mark is right, KG4, I am at about twice mean daily volatility. I may change to 15% under instead of 10%.
Jinxed3D:this is a losers strategy.
Ahh, this is the sticking point, Jinxed! Am I right? Time will tell!



To: Dr. D who wrote (13144)12/27/1998 2:03:00 PM
From: robert duke  Read Replies (1) | Respond to of 13594
 
I had a similiar situation with a stock just like yours. It sticks. You lose the cost of the sale and the buy back with the broker. then you lose because you had to buy back at higher levels. It stink. I just try to set low expectations with AOL.

Example. My estimate for june1, 99 was 130-150 per share. Now we are at 135. So If it hit 200 by june 1 , 99 then I will be completely thrilled. But if it only hits 130 by june 1 I am a happy camper. Don't worry aboutthe big drops. it come back.