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

To: Steeny who wrote (15231)	5/6/1999 11:12:00 AM
From: Jeff Sutton	Respond to of 41369

Bought yesterday at 122 sold this a.m. at 130. Still holding more shares from 136 and 153. I've been buying AOL down about every 15 points or so, then selling a portion of the low shares as they become reasonably profitable. Others might counsel to hold them all until AOL hits 170, but that's not my style. I like having two or three AOL positions at different price points. And I'm finding there are actually advantages on being in the red on a stock (as long as it's a sound stock such as AOL). - You don't have to worry about selling and then watching the shares continue to rise! You are protected to the upside, as it were. - If AOL goes off on a 20-point tear to the upside (as I suspect it will sometime in the next couple of weeks), you are already in. No agonizing about whether or not you should get it. You are already in! I guess this is just the old strategy of trading around a core position. Nothing new, but it has worked for me in the past couple of weeks. Of course, if AOL takes a dive and stays flat for a while, I'm in trouble. But I'm suspecting that won't happen. There are dozens of ways to trade AOL profitably, from buying and holding, to daytrading for a couple of points or less. No strategy is right or wrong. It's all a matter of your investment style, time frame, and amount of capital. You have to find a suitable trading plan that works for you and then stick to your strategy.