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

To: Sophia Ashley who wrote (7058)	3/18/1999 4:32:00 PM
From: DepyDog	Read Replies (1) \| Respond to of 41369

YEEEHAAAA..been watchin this baby all day and grabbed 50 more at 115...I be so proud. Only wish I had more liquidity to get more but that is better than none. GREAT DAY !!! AOLWINE all around....Dep

To: Sophia Ashley who wrote (7058)	3/19/1999 1:03:00 AM
From: George Martin	Read Replies (2) \| Respond to of 41369

Sophia Ashley and Tang - OT CRAMER'S INVESTMENT STRATEGY - EARLIER POST #6986 I noted your posts concerning Cramer and his article today about trying to catch up with AOL on the upshoot. I posted the following comments prior to market open today (Thursday) regarding his investment approach. Yesterday his bright idea was to sell AOL scaled up into the closing demand so he could buy shares back today when he expected they would be cheaper. This just typifies his 'minute by minute investment by scattershot' approach and shows the techniques he used to get the return he obtained last year: A BIG FAT 2%, after fees. Investment return on this strategy today : zilch minus. But, nonetheless, he did get two articles out of it !!!! so I guess you could count that as some of "return" on capital !! Sorry if this is repititious for you. Appreciate any other comments/ different viewpoints-- George Martin RE - POST: To: Vendit (6979 ) From: George Martin Thursday, Mar 18 1999 9:09AM ET Reply # of 7100 Vendit - Thanks for the Cramer article post. Very interesting regarding the S&P balancing. OT: OT: re: CRAMER'S "INVESTMENT" PHILOSOPHY: The article reminded also me of why I don't have much regard for his investment style and why I dropped out of the street.com's trial period last last Sept. -- Oct. Everything seems to be ultimately a minute to minute switch and switch back decision. At the height of the crunch last fall -- round about Oct. 8 to be exact-- his frequent daily missives were frantic and totally gloomy. Check the archives -- he was screaming Nasdaq 1150 !!! Nasdaq 1150 !!! Here it comes !! and selling everything in sight. I'm glad I didn't listen and tried to rebalance more intensively in the long-term winners like CMGi, AOL, YHOO, CSCO, etc. as soon as some of the shell shock wore off. Finally, after all the fireworks and bravado, CRAMER'S HEDGE FUND RETURN FOR THE YEAR ? -- one of the greatest years ever in the market for some sectors (how about AOL, YHOO, CMGi, etc. !!!!) ? His return: 2 %, not a typo, yes 2 % -- after fees that is. I still give him his due: There is no doubt he is very entertaining and provocative and has skillfully marketed himself, obviously with great success. I don't know about his aim but I always felt he was sort of a brilliant battlefield journalist/reporter -- caught up in and skillfully recreating the drama and turmoil of the moment. Anyway, SORRY FOR THE RAMBLING but it does highlight by negative example the true value of a long-term 'buy the winners, stick with them and buy more on the dips ' philosophy. FWIW, I first bought AOL in November 1994 and it took me a year and half to realize that I needed to buy back every share I sold after the early splits. I did so and I have added substantially to the position since then -- most recently in Feb. by way of NSCP with the great 5-6% discount. From November 1994 to the S&P and the merger with NSCP -- THE one and only "original" internet stock -- plus the alliance with SUNW -- this trip is not over quite yet and in fact the road looks a lot smoother even if the pace will not quite as fast ! Good luck -- George Martin