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


To: tang who wrote (11142)4/17/1999 4:59:00 PM
From: Andreas  Read Replies (2) | Respond to of 41369
 
To Tang,

You misinterpret my post. I'm not losing any sleep. My questions on this thread are simply designed to bring out facts. Simply because I ask a question doesn't mean I don't already have an answer that is satisfactory to even my simple mind. Furthermore, there may very well come a day when aol indeed begins to show slower growth. You can be fairly certain that those persons revealing those facts of slower growth in the future will be burned at the stake by fellow aol supporters (not unlike a couple of serbian apologists appearing on tv who suggest that everything we see on cnn regarding kosovo atrocities are nato propaganda). However, if we keep an open mind and ever diligent then we will be better prepared to protect ourselves for that day. My gut however tells me that we're looking at five years plus down the road before aol even begins to hint at a slowdown of growth.



To: tang who wrote (11142)4/17/1999 6:20:00 PM
From: Lou D  Read Replies (3) | Respond to of 41369
 
Tang, I made a big mistake this week. I was in meetings most of the week so I could not check on the market like I usually do. So, I put in a stop limit order at $140. Never thought AOL would reach $140 but I put the stop limit in for peace of mind. On Thursday, AOL went as low as $135. The stop limit executed and I was out of AOL. Friday morning, all I heard was good news, I remember the post RocketMan made when he got out and had to buy back at a higher price. So, all day Friday I watch until I could no longer wait and got back in at $144. What did this do for me? It cost me $2,000 more to get back in and now I have to pay capital gain taxes on $22,000 in 1999. Was it worth it, NO!

From this point on, I will only sell if the fundamentals change or bad news or if I don't believe in the company any longer. I am now real long and strong waiting for earnings to come out. I am happy it only cost me $2,000 to get back in.

.......LD