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

To: Joe S Pack who wrote (14663)	5/4/1999 5:06:00 PM
From: DepyDog	Read Replies (2) \| Respond to of 41369

Howdy yall, All will be ok in the long term...and for AOL that is in dog years. This puppy will run again before long...it has done it before and will do it again. I am holdin on to all my shares for dear life so dont let your faith be shaken. If it helps, let me share a lil story with ya. When I first bought stocks I was sooooo dumb (this is where yall say, "How dumb were ya?") LOL. Ok, I bought 25,000 shares of some lil gold mine in Caif. and got it originally for under 2 dollah...then chased it down to 50cents...then chased it further for a few pennies. AH thot ah had me some kinda bargain for sure. hahaha. I finally called the company to see what was going on cause it now was just barely about 0.01. I was told they might have to bankrupt cause of the bad weather and the hole they were diggin kept fillin up with water. I offered to send'em mah Alabama shovel...even offered to help shovel and bring a bucket to bail with. :-) Well, long story short,mah Gold mine was a Mud Pit and I bailed alright...happened to catch it on a "good day" it shot up to 0.04 and bail out ah did. Moral to this story: you get whatcha pay for...I also got some big time experience in makin myself learn more about stocks and gettin good ones. This thread has helped me immensely too. So stay Long and STRONG...this puppy is a WINNER. best regards, Dep

To: Joe S Pack who wrote (14663)	5/4/1999 5:23:00 PM
From: Steve Robinett	Respond to of 41369

Nat, You make several important points. Clearly money is flowing out of high P/E stocks and into basic industry and material stocks, along with some energy stocks--at the moment. (I attribute this to a perception that Asia and Latin America will soon be putting demands on world resources as the areas recover--the same cause behind rising rates) I believe you're also right that this trend is unsustainable without accompanying earnings streams. As for AOL, as you point out, consolidation is healthy in the longer term. I doubt the shareholders' meeting will have many surprises, though a significant broadband announcement would definitely drive the stock back up to 150+, probably a lot higher. By "significant" I mean something that completely silences any questions about AOL's broadband future. I don't see that happening yet. Best, --Steve