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


To: freeus who wrote (8821)3/31/1999 4:41:00 PM
From: Hobie1Kenobe  Read Replies (1) | Respond to of 41369
 
Freeus,
This stock has regular news releases, a compelling business plan and now has split talk fueling it. Don't think you'll regret your purchase at 149 1/2. I established my position at a split adjusted $25 in October. The most foolish investment decision I ever made was to sell half in January to pursue other investments. Live and learn. I have the rest of my shares stashed away until the situation with AOL changes. They make a great base upon which I can use margin for good opportunities. Good luck.



To: freeus who wrote (8821)3/31/1999 4:53:00 PM
From: Venditâ„¢  Read Replies (2) | Respond to of 41369
 
freeus I'll pull up and read the charts a little later if all goes well.

A couple of things to remember:

#1 The new support level is very close to $130 so that is your down side.

#2 The new upper resistance is $155. The great thing about that is you can bet your last dollar that AOL will break back through that price in the near future.

#3 The houses are setting new plus $200 targets so I'm sure they will make these targets soon. Remember the buys you made below $120? I'll bet you feel pretty smart about that about right now!<g>

I'll let you know what I think about the near term later.

Vendit



To: freeus who wrote (8821)3/31/1999 7:34:00 PM
From: jhg_in_kc  Read Replies (1) | Respond to of 41369
 
Freeus, here is a system I have used during this wild run. Sell half after stock goes up a minimum of 10 points, try to catch a dip of 5 points or better down, buy back, shake well, and repeat after the next 10 points. watch the first hour and a half of the day, sell toward the end of this AM rush, see AOL go down 5,6,7 points buy back. Using this system I sold at 149 yesterday and bought back in at 143; sold at 1531/2 today and bought back in at 149. Had I been a little more daring couldve had it at 142 and do the whole run to 150 a third time. I have netted over $24,000 doing this just since 3/19/99.
At some point I will set aside X amount of AOL to buy and hold and only trade with 2 or 300 shares, selling half, buying back on a dip, etc. I am also prepared to sell all AOL when I feel the big boys may whack it, which could be next Monday, although they may have already done this today (154 to 141) and then the buyers came in.
I think AOL is unlikely to go down more than 20 points in one or two days if at all and then its on to god only knows where. Stock up over 50% since March 8. It could be 225 by the end of April. What do you make of this. I know I will have to pay a bigger capital gains tax but this reassures me the gain itself wont vanish. wish i had done this with dell leading up to feb 16th.
jhg