<<The degeneration of this board and the comments of the past few days are the major factors that scare me about this market...lots of newbie investors who have been lucky enough to be in the greatest bull market in history and actually come away thinking that they know something. Reminds me of the old saying, "Don't confuse brains for a bull market."
It would be nice to hear some negative comments based on something substantive rather than what we've been getting. This thread is starting to remind me of the Navarre thread, which had about a 20 to 1 fluff to substance ratio.>>
Sheez...thank you very much. As I read this board, I am simply amazed... almost speechless.
<<aol looked at as a media company >>
Well, I've always looked at them that way. It's exactly what they were...now they are just larger and a whole lot more diverse.
People fail to see what the internet is and how it is developing. If they did, they would see that pure internet plays are soon to be a dead issue. Pure internet plays will get slapped by the market which is obviously tired of the ridiculous inut valuations. Everybody thinks yhoo is now the $hit as they are a pure inut play. People dont fool yourselves. Not many folks can buy yhoo outright, but I guarantee they will form a marriage of sorts with a big media player...and so will all the others. AOL simply is setting the precedent. Sure this is obviously bad for the short term..only because of the naive and ignorant thinking of the common investor that demands unrealistic valuations...but 5 years from now, it will be so plainly obvious that this was the best thing for them to do. If you think the ineternet is a big part of society and our daily lives now, then you aint seen nothing yet. At the rate technology advances, it is scary to think where we will be in 5 years. However, I do know this much.....20 million eyeballs!!!...Ha, what a joke. In 5 years we wont be talking about 20 million eyeballs...we will be talking about how aol/twx effects 10 billion people everyday by being such a large part of their daily activities.
Anyway....I do agree that 500% yearly gains are a thing of the past with aol...and soon to be a thing of the past for most all the content providers including yhoo and many others. CMGI will and should become hot as it is as pure an inut play as you can find, but aol is still a must have for any portfolio. It should becomeone of, if not the, biggest and most highly valued company in the world, and 5 years from now you folks will see what I mean. |
