To: Pat Lombardo who wrote (11683 ) 4/20/1999 1:24:00 AM From: Fred B. Respond to of 41369
A quick question, If you are really long and you are so sure that it is going to 50, why didn't you sell today?? Why wouldn't you sell at the market open tomorrow?? Even with the tax consequences, you will be far ahead if the stock really goes to 50. Do you really think people are dumb enough to buy that,with your repeated posts saying the stock is going to 50. Folks, I don't know where AOL will be tomorrow. I don't know where it will be trading next week. I do know that , in 3 years , people will be looking at today and this week and this month and laugh. AOL is truly , the Microsoft of the 90's. Your decision should be whether the internet is for real or not. If you believe it is for real, a couple of years from now you will be happy that you bought AOL in 1999, whether you paid 175 for it or 75. If you look at the Microsoft stock price in the last ten years , there were many dips along the way.Are a lot of internet stocks absurdly overvalued?? Absolutely. Are a lot of them going to fall by the wayside and die in a few years?? No doubt. Is AOL one of these companies?? No way. I refer everyone to uncle Greenee's remarks on the internet a couple of months ago. While he compared playing a lot of these companies to playing the lottery , he said and I paraphrase " A few of these companies will survive and will justify valuations even much higher than the valuations today'. It is my humble opinion that AOL has already locked up the jackpot numbers in the lottery. Meanwhile , my advice is put AOL away and don't worry about it(unless you are heavily margined,in which case I feel for you). Don't worry if it hits 75 or 175 in the short term. You will be happy in the long term. Personally , I give a lot more credence to uncle Greenee's comments than those of a hypster , both on the short and long side, on a message board. Good luck to everyone and don't worry so much. You will be fine in a few months.