Rocketman, that is the very essence of investing, sponsoring an organization because you believe in its product and service and you believe the company has a business model that will provide long term growth of revenues and earnings and will re-pay the investors for the risk of sponsorship.
I disagree slightly but critically. The very essence of investing in leading-edge tech stocks is sponsoring an organization because you believe that the masses do or will believe in its products and services, etc....
As I have posted several times previously, AOL is a product for the masses, not for the digitally gifted or even the digitally literate. I myself hardly use AOL, but I love the way its interface appeals to my wife and to those who hate having to deal with computers.
AOL may do just that, but i think the idea that you can expect 100-300% annual gains ad infinitum is quite fanciful here.
I agree, which is why I am a five-to-ten year investor. When did I say I expected such returns? My estimate for the end of the year, which I have posted eight months ago and several times since, is 150, which is only 10% off the year's high.
The stock is way ahead of itself, pushed up by manic crowd behavior and by people who only take a ride with the momentum crowd - yes i confess to being one of those -ggg-
Which is why I hope investors like you can push it down, so I can accumulate at lower prices. I win either way in the long run. So do you in the short term. This is win-win. |
