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

To: Cosmo Daisey who wrote (4240)	2/2/1999 12:20:00 PM
From: RocketMan	Read Replies (2) \| Respond to of 41369

This article is a little dated, but the same principles apply. How to Survive a Correction By JACK ROTHSTEIN Distributed May 27, 1998 A Sample from Jack's Mailing List When the market sell-off happens, the media trot out the bears--who gleefully confirm your fears. Editors and TV producers love outrageous remarks. A gored bull is great show biz. But is this good for your portfolio? Get hold of your negative emotions and let them go. Market corrections are temporary. This is not the start of a bear market but the beginning of a dip that will create a buying opportunity. The quality names held in portfolios will recover and resume their upward pace after the selling subsides. Nasdaq is down 8% off the top while the Dow and S&P 500 are shy 3.5% of the high. Its entirely possible that another 7 to 10% can be given back in this current wave of selling. To time precisely when to get in and out is impossible. Focus on the great names you own and not on day to day action. There is little margin of safety relative to equities today but the rewards of long term ownership is great. You don't become wealthy owning stocks overnight. It takes time. If you have quality names in a portfolio that is balanced yet concentrated, then you stand a great chance of being significantly wealthier years from now then you are today. Panic will get you nowhere. Check yourself. What are the results measured when you act in panic. Panic happens when you let your actions be dictated by your emotions. Let's review what is so regarding the economic landscape today. The long bond trades at 5.8%. Do you think that is a good deal? If so then buy the paper. Long term it is an awful deal. How about real estate? Want to lock up your assets in an illiquid investment that has been appreciating by about 3% per year. Does that appear attractive to you? If it does, then go buy another house and find a good tenant who will pay rent--and believe me when they call because the plumbing doesn't work or the air conditioning breaks down or the electric wiring is failing, then you better be ready to get it fixed. What about CD's? Does 3% per year guaranteed attract you? If so then go do it. Over the long stretch a better return than that is necessary. Today there is little inflation to worry about. Interest are low. Cash is plentiful and being infused consistently into equity funds. The demand to own U.S. names will grow especially if the prices drop. There is no sign of a recession on the horizon. The environment for financial assets is ideal. Corrections happen and you live through them. It's best that way. Moving in and out attempting to time prices is silly. That course of action hardly ever works to your advantage. At times it is necessary to make adjustments. Just as an auto needs a tune up so does an equity portfolio. Never marry a name. Like cash the position can be disposed of. Cash is spent. Stocks are bought and sold. Selling in the face of heated anxiety is silly. Take advantage of the fear and buy in the face of it. Get greedy at times when the market is letting the negative emotions control the action. Let me remind you of the action that occurred last October. Did we recover after that debacle? Of course we did. The Dow dropped to 7000 in late October and traded as high as 9200 in early May. Remember how you felt last October. Scared weren't you? Was your fear justified? Obviously not. Relax. Focus on other things. Go see a good movie. Dine in a fine restaurant and order up your favorite meal with a fine vintage. Read a good book. Take ballroom dancing lessons. In other words. Stay away from CNBC and other media till this dip passes. If you went away for 5 years and put all of the positions you carry away in safe keeping, you'll have far more wealth when you return than when you left, providing you put away good-quality names. So relax and let go of any anxiety you may be feeling. This wave of negativity will pass like a storm in the night.

To: Cosmo Daisey who wrote (4240)	2/2/1999 12:26:00 PM
From: Annette	Respond to of 41369

----. The online brokerages have started the ball rolling with the margin percent adjustment and the CNBC talking heads are complaining that their stocks aren't getting any play and they are losing customers and influence in the market. --- Oh the poor BABIES...the big kids won't let dem puh-way in da sandbox!! DRILLING stocks? And they get airtime???<puking sound> What's next...a company that sells ices cubes to the eskimos? The market is down because we should be wearing BLACK and be on a death vigil for possible interest rates going up, and be feeling sooo sorry for the Clinton trial(not). We can't be partying like it's 1999!!! Bow your heads...there will be NO saying YAHOOOOOOOO! What is wrong with you!! ;-) Annette I could have bought AOL cheaper today...but it must have been the OVER-EXURBERANCE(sp?) that set in when I saw it go below 175 yesterday! Long on AOL...yay! !

To: Cosmo Daisey who wrote (4240)	2/2/1999 1:11:00 PM
From: Jerry Miller	Respond to of 41369

...well said.

To: Cosmo Daisey who wrote (4240)	2/2/1999 1:40:00 PM
From: LindyBill	Read Replies (1) \| Respond to of 41369

See Cosmo, I told you to buy some Utility stock and play it safe, but Noooooh, you had to hang in with AOL and go down the tubes today!

To: Cosmo Daisey who wrote (4240)	2/5/1999 10:58:00 PM
From: Pruguy	Read Replies (1) \| Respond to of 41369

cosmo, you need to come of off your bigheaded high horse...I have never seen you add one ounce of fundamental information regarding the market or aol......all u do is slam the professionals, as if they are clueless, and will be as well informed as you some day..... these guys don't get where they are buy being numnucks....they have made money in the past and probably are making money now...try to add something to the conversation regarding aol, or at least start a new thread.....maybe something like "cosmo is smart so listen to me"