Sponge summmarizes his logic & bids farewell for 1999.....
It is clear to me that most AOL holders make the classic cardinal sins when it comes to investing/trading.
1) They ignore changes in the fundamentals of a company.
(Free internet and broadband)
2) They expect same rate of growth for an indefinite period. Trust me, if it were as easy as "The best stock of the next 5 years is the best stock of the next 5 years" then none of us would have to work. Yes, people have become millionaires holding AOL, but believe you me, you are NOT going to pull that off buy buying into AOL in 1999!
3) Many people here are sitting on monumental losses, yet still dont see the light. They'd rather chase their "white whale" and wait an agonizing period of time to MAYBE get even. Cut your lossses is the cardinal rule of the markts. Spend your time for fruitfully, finding the stocks of tomorrow, not yesterday.
4) Only see what you want to see. I have given a plethora of reasons AOL is not a wise investment, yet these words go completely unheeded. Instead my stupid silly nickname is the focus of attention. Not even a rebuttal of my issues, so therefore, this has become a waste of MY time, as no one here has any insight to offer. This has simply degenerated to a cheerleading board. Talk about being in denial. People are ONLY interested in readng information that backsup their existing opinions. SI should mark each post as "long" or "short", that way people here could only read posts that will agree with their sentiment. And save themselves time.
Good luck, Im thru trying to talk sense into you.
PS: I am not long or short AOL.
Though I don't like the company, there are too many fools who think this is a blue chip internet, and can run the price up. I dont fight the crowd (except in this fools den)
I'm taking the rest of the year off, starting Oct 1.
Have a great winter ! |
