To: Venkie who wrote (87399 ) 12/30/1998 11:44:00 PM From: Jorge Read Replies (1) | Respond to of 176387
Venkie....Your strategy of "Trading" AOL to buy more DELL will probably not make you as much money as Buy and Hold AOL...This arguement (Buy and Hold versus Trading/Timing) has been challenged many times right here on the DELL board..I know, I've been a part of a few of those discussions with some famous shorters and Timers, like Candlestick, The McNabb Bros., LTaurus, etc. etc........I would like to issue the same challenge regarding AOL...Show me a market timer whose made more than I have on Buying and Holding AOL this year...I have never sold and am, by using Margin a few times, up nearly 1,000% for the year...That's a Much better percent than my returns on DELL, which I also own, and have for more than a year. If you want to make DELL-like returns, the REALLY big ones, I would buy some AOL, maybe on a dip, and just hang on for a few years. DELL and AOL, what a pair of winners for the next 5 Years! An Article on AOL:(CAME OUT LATE TONIGHT) *************************************** Wednesday December 30 10:22 PM ET AOL HEARS CASH REGISTER RINGING ON CHRISTMAS NEW YORK (Reuters) - America Online Inc. (NYSE:AOL - news) Wednesday said that on Christmas day, a record number of people gave themselves an AOL subscription, apparently to go along with personal computers they received as gifts for Christmas. AOL declined to divulge that Christmas day total, but overall, the company saw a subscription spike in the last 48 days of over 1 million that brought its total customer base to 15 million, up from a mere 1 million back in Aug. 1994. ''People got PCs as a holiday gift and they opened their computers and signed on AOL,'' a company spokeswoman told Reuters. ''This is the first time when we saw an actual spike in sign-ups on Christmas day.'' Wall Street analysts are also convinced that the strong PC holiday sales is in fact a key factor driving the AOL surge. As an increasing number of people becoming PC owners, the next thing they are doing is ''getting connected to the Internet,'' said Warburg Dillon Read analyst Michael Wallace. That is where America Online comes into play being the world's No. 1 Internet providing service, he said. Another factor hiking demand for America Online is the free publicity from the movie ''You've Got Mail,'' said Scott Appleby, an analyst with ABN AMRO. ''The movie is a billboard for AOL,'' Appleby said. He expects the company to continue its stellar growth in 1999. The AOL spokeswoman said the Christmas total ''was better than twice the number that signed up on any average day during this quarter.'' Year earlier comparisons weren't disclosed and were not immediately available, she added. Over 4 million customers have already signed up with America Online during 1998, she noted. On average 3 million subscribers join America Online on an annual basis, according to Wallace of Warburg Dillon Read. Ahead of the news, stock of America Online, one of the bellweather technology high-flyers that was recently added to the blue-chip Standard & Poor's 500 index, fell $5.25 to $148. The stock has been on a roll amid the recent market frenzy for Internet stocks, rising over 60 percent this month alone. America Online operates two worldwide Internet online services: America Online, with more than 15 million members; and CompuServe, which had about 2 million members as of November 12. Earlier Stories America Online Membership Climbs To 15 Mln (December 30) ******************************************* Regards, George