Sam,
Don't be so smug about the century mark. You stated previously that you sold off some shares at $87. If so, you've missed a nice +10% ride.
I am still bear on AOL with option protection. Granted, I lose some on these up surges, but like J.S. said, one can make money both ways, especially with a volatile stock like AOL.
The worse thing you can do right now is to foster a false sense of security with AOL, i.e. buying more of it at $100 thinking it can still go up and up each week. Because that is when the stock will take a 50% drop or more, wiping out all of your profit and then some. The history of the stock market is full of these momentum and hyped stocks. More recently, NSCP, IOM, and Zenith, just to name a few.
Five years from now, if AOL is still around with a market cap matching its current growth rate (increasing 200%+ per year), then I will gladly admit defeat. But until then, lighten up on your criticism of the bears. We merely have a difference of opinion, that is all. Taunting only makes yourself more vulnerable in the future.
Just tell us why you are still bullish, and what new reasons you may have to offer. So we could keep each other in check with reality.
Yikes |
