America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: Pruguy who wrote (29432)	8/15/1999 10:39:00 AM
From: Simon Econovich	Read Replies (2) of 41369

The real threat is cable modems and xdsl. aol's proprietary tunneling protocol and big brother server farm have very little place in the net of the future. People don't want to pay for big brother, they want fast access at the lowest price possible. In my area most have mediaone at 1 meg/sec ($50 a month includes cable TV). aol is pretty much toast here, since all they can offer is crappy modem service. aol has squandered investor capital on the wrong (losing) technology and is now desperately whining to the feds to bail it out (force its crap onto the fast wire it doesn't have via FCC "rullings"). They are up sh*ts creek with a lead paddle while the competition is leapfrogging. Having said that, 100 on the stock price seems likely ... I would not short this thing until 80 approaches, since the specialist can take the stock anywhere to squeeeeze the shorts. In fact, a case can be made that a near term double bottom is in. Never underestimate the power of the MM's, especially in the face of obviously bad funnymentals. Look out above.

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