Steve ; I see the action in the stock more as a result of the
dynamics of short interest..people don't seem to understand the
more you short a stock the higher she goes, the pros understand
it , and are right on top. I can just about tell you the days
the shorts are not working her, ( volume falls way off )..
people also don't seem to understand that "shorts" are in compition
with the ones holding the aces selling to the amateurs as they
get picked off.
Some of the money shelled out to AOL is total lack of due diligence,
I'v been around enough to know a lot of execs spend company money
not only unwisely, but also because they get kick backs and perks,
and have personal interest to do so, I'v seen this and been in the middle of it..with some supposed reputable companies..
I tell you I'v checked AOL email address here and on usenet..and
they are down , not only that many that the serch finds are
discontinued, as a simple hello just bounces.
It's more than a rumor..even Case is not using the 8M number
anymore, I doubt they ever had them to start with, had they not
counted the "freebies"..it's been hype and more hype..and you take
a good look at past companies that put out 2 and 3 press realeases
a day..the more hype the more they eventully fell.
AOL is the BRE-X of the internet, and ya a lot of fund managers got
took with that one, were was their due diligence ?
The piddlely add money is not a drop in the bucket for a 5B market
cap investment..it won't pay expences..and ISP hook ups are not
just getting cheaper the not for profit gang is moving into service,
how is she going to compeat with the non profit .orgs growing
in numbers. It's getting stupid to get info from most comercial
places and put up with the adds..the collages are bringing more
and more up to date info faster.
Jim |
