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

To: Steve Robinett who wrote (3076)	1/21/1999 6:39:00 PM
From: Craig A	Read Replies (2) \| Respond to of 41369

Steve, your comments are making my complacent attitudes twitch. Many of us are up a ton on this stock but are guilty of selling only to buy back at a higher price. I feel, however, having no technical background, that maybe a stop limit may be in order here. Then commeth the tax man. Where does one protect themselves when they're locked in a room with 4th graders all day and things are coming down? Thanks in advance, Craig

To: Steve Robinett who wrote (3076)	1/21/1999 6:50:00 PM
From: RocketMan	Read Replies (2) \| Respond to of 41369

Steverino, You say, It does have to do with AOL as a stock, especially as a Internet momentum stock. So the NAZ and Dow down over 70 points each have to do with AOL as a stock? I will tell Greenspan to go to the Hill tomorrow and talk AOL down. And I will tell Magellan to dump AOL. Another well-known investing mistake is applying long-term analysis to short-term trading situations. That's considered a no-no, mainly because it doesn't work. Since I am long-term, I am not really tuned to short-term trading situations. I care about what AOL will do in 4 or 5 years, and what it does tomorrow or next week is only an academic interest. From a technical point of view, if AOL drops below 130 (its last pullback low), you could see it move down below 100, most likely the high 90's. True, but it will not do this outside of an overall market swoon, as it did last summer when it dropped from 140 to below 80 (pre-split). If you have not checked, even if it dropped to 90, that would still be 180 pre-split. And if that happened, I would throw a party, and buy up as much as I could.