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

To: VBroady who wrote (12421)	4/23/1999 1:05:00 AM
From: radames	Respond to of 41369

you'll get your order filled after the split!!!

To: VBroady who wrote (12421)	4/23/1999 1:17:00 AM
From: musea	Read Replies (2) \| Respond to of 41369

VBroady, I guess I can cancel my $96 limit buy order for AOL shares. Bottom-fishing is a tempting thing. Over the years I've tried it many times. You probably know all of this, but perhaps it will help clarify others' thinking who might not have as much experience. Here's what I think about bottom-fishing: The only two situations where I'll do that are 1)if I already have a substantial position in the stock and I will only add if the price is right, and 2)if I don't really have faith in the stock to be a long-term grower and I'm thinking short-term. Here's why: if I believe in the value of the stock long-term and I don't already have a good position in the stock, then what does it matter if I pay $1 more per share if the price goes up $40? I'd much rather have the stock than save that little bit of money. On the other hand, if I'm already satisfied with my position, then I can go for a bargain in situations where I'm not quite sure it's the best place for my additional money. Of course, if I'm looking for a short-term flip, then getting the best price is imperative. Fortunately (because I'm not good at it) I've stopped trying to predict short-term fluctuations. So for me now, 1) is the only situation where I'll even think about bottom-fishing. I see lots of posts here and on the Dell thread where people are looking and looking for an "entry point" and the stock keeps getting away from them. I've lost a lot more money by trying for the lowest price and not getting in at all than I've lost by buying a good stock at a slightly worse price. -musea