Steve,
The reasons I picked it as a short are:
1, It lacks the technology to compete strong enough with other ISPs,
2, With 7mil subscribers (of course the largest so far), you still can't make money, what are you counting on?
3, With the current market at this high level, when it corrects (as it should have done for at least months), what stocks will be dumped? the one with P/E 7 (like APM) or the one lost $5+ per share? When nobody is talking about risk, it's exactly the time we should talk about risk. To me, investing in AOL is at great risk, thanks God, we have method of "short" to take advantage of this risk.
Good luck to you all,
Tom |
