Marc,
If you hold on, you will be proven correct... if you can stomach the churning. One basic problem is that traders are buying stocks that go *up* , and shoving them to dizzying heights... they don't want value plays. Ironically, ATHM is a low risk play right now, when it is compared to the overall tech universe. If you question that, take a look at COMS today, and imagine how you would feel if you bought on the open. Here's something to cheer you up:
Mike
Getting Excited About Broadband Competition
By Emily Burg, Correspondent
Excite@Home has been a bit of a dud lately, but watch it thrive against AOL/Time Warner.
There's been little reason to get excited about Excite@Home's (Nasdaq:ATHM - news) stock these days, especially as it hovers near a 52-week low.
Investors were hardly cheered by the announced merger of America Online (NYSE:AOL - news) and Time Warner (NYSE:TWX - news), which catapulted the potential of broadband to the forefront. The emergence of such a powerful player threatens the market dominance that Excite@Home currently enjoys.
But analysts think fears are overblown and see room for healthy competition. After all, Excite@Home has the first-mover advantage and a formidable network. But can investors see past the shadow of behemoth AOL/Time Warner?
``Perception is an issue,' explains Abhishek Gami, an analyst with William Blair. ``But now's the time to buy the stock, especially at this cheap price.' |
