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

To: Craig A who wrote (4470)	2/6/1999 8:13:00 AM
From: RocketMan	Read Replies (3) \| Respond to of 41369

Good morning, Craig. I am also overweighted on AOL, and often wonder if I should be more balanced. However, a large reason for my overweighting is that AOL has appreciated much faster than my other stocks. I have three choices: rebalance out of AOL and into other stocks, keep my current position, or pile onto a winner and overweigh even more. I've decided to keep the current position, since pulling money out of AOL would result in cap gains. But I have not added to my AOL position, because AOL's growth should keep me at about the same balance if I add to other positions or initiate new ones. I initated a Dell position recently, although just before it fell 5%. That is why I have given up trying to time the market, and just go for the long haul. I still favor AOL as the stock with the largest reward/risk ratio in my portfolio. Its risk has lowered a bit since it was added to the S&P, although so has its explosive growth. But I am still looking for a great appreciation for the rest of the year, and have a target of around 350 by year's end. Of course, that depends on overall market dynamics. My time frame on AOL is 4-5 years, so I can live with the dips. Just some thoughts.