To: vip who wrote (4757 ) 2/9/1999 8:36:00 PM From: EZ Read Replies (1) | Respond to
Just something to think about.I first got involved with AOL on 10-1-98 I bought 25 contracts of the jan 115 calls,i believe the stock was around 104 at the time,it costed me 12.25 a contract or around 30,000 dollars,I then watched the stock tumble to the low 80.00 level,a good 20% correction,I didnt sell in the panic,and everyday it seemed to drop lower,I was rewarded in a very short time on 10-27-98 I sold my calls for 18 3/4 about a 55% gain the options had dropped to a low at one point of around 4.50,I then bought the AOL APRIL 130 call the same day at 19.00 these calls then split to 65s and now will go to 32 1/2s,and 100 contracts instead of the original 25,I now buy AOL leaps,when i can,so corrections like this dont drive me crazy any more,so dont be fooled by a down week or two, this too shall pass,look at the facts adding 1 million members every 5 weeks ,and advertising revenues continue to set records daily,and everybroker has us on there strong buy list,the PE is more than justified in their conservative eyes finally as this stock continues to steamroll down the earnings road .I know a split really means nothing (2 nickels vs 1 dime theory} but to the average joe he feels he can now afford a piece of the american dream cause its now more affordable,it will make a difference and the stock in no time will be at 100.00 again post split,my point i guess is dont panic sell and regret it later,the stock may lose 20% AS WILL OTHERS BUT IT WILL BOUNCE back 40% before they get back to ground zero just look at past history...Good luck and dont let yourself get sucked into down draft..JMO...EZ..P.S I have used AOL for 3 years and have 2 accounts active now my kids and there friends love it!
