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

To: Calvin who wrote (10795)	4/15/1999 1:11:00 PM
From: RocketMan	Respond to of 41369

If you didn't have the jitters you would not be normal :-) As far as buy/hold/sell, it is a tough decision we each have to make for ourselves, and when you spend more on Tums than on your stocks that is probably the time to sell. But I am just relating what my own experience was last October, which may or may not repeat. The way I see it, though, this selloff has nothing to do with AOL, which keeps coming out with great news. The entire tech sector is selling off, and I don't think anybody knows why. Earnings are pretty good, but there was a lot of runup in tech stocks becuase nothing else was moving. Some of this money is rotating out, and there is selling to pay taxes, and the MMs are using this to take out a lot of stop loss orders. So, if AOL was good at 170, it is great at this level because it is not as high a valuation. Just listening to a commentator on the radio I respect, saying inflation is low, employment is high, the economy is great. He says we are seeing a normal correction. He pulled money out of the market a couple of weeks ago, figuring a correction would take place about now. I had heard this from several analysts, and I think they were all getting ready for it and it became a self fulfilling prophecy. But he says he is looking to put money back into techs in the next week or two.