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

To: Jon Stept who wrote (2249)	1/11/1999 3:36:00 AM
From: LindyBill	Respond to of 41369

AOL as an investment Investment: To put money into the stock of a company in hope of making a profit, based upon the fundamental ability of the company to make money. Speculation: To put money into a stock of a company in hope of making a profit, due to other reasons than the fundamental ability of the company to make money. Jon, I put my money into AOL as an investment last April. I pulled my original investment out of AOL recently, and left the profit in as a speculation. I am sure everyone who reads this post has a major, or minor, difference of opinion with me as to my definitions. That's fine. But, at least you know what I mean, when I use the terms. To sum up: One persons investment is another's speculation. Its subjective to the observer. When we buy stocks, we are usually doing both. The definitions are important to me because I use them to guide my actions. I will pull out of my speculation in AOL much quicker than I will pull out of my investment in Cisco in a downturn. I have read several comments on this thread to the effect that a crash of Amazon or an other net stock would lead to an inflow of funds into AOL. I think a crash would pull down the whole tech sector. The difference is, Cisco would come back much faster than AOL, IMO. LindyBill