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Technology Stocks : America On-Line: will it survive ...?

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To: Dom B. who wrote (4707)9/10/1997 1:24:00 AM
From: Getcher   of 13594
 
Dom,

Just caught your post. We all know what happened at this point. Just wanted to say thanks for the warning.

II've been following AOL for so long now, that I pegged the uptick on Monday. I sold off my calls 2 days too early! Them's the breaks. Just dumped my Sept 65 puts for an eighth at 10:00AM on Monday. Who would buy them? Don't care ... not looking back. Looking forward, AOL will lose money on the new subscribers .. CSRV subs are smart! They won't stand for AOL's shannigans. I see AOL losing some serious dough the next few quarters ... the game is when the advertising revenue from unsuspecting businesses will catch up with the losses they will book from subs. The next trick is the SEC catching the accelerated Revenue stream again! The final trick is the investors developing an accounting sense! Too many tricks for me to hang around and wait for the slow decline of AOL, but the unconscionable rise of their stock.

SAM ... If you read this ... I apologize for my more than normal bearish tone, but we've all known that this is my true feeling here. No one can argue with me from a "Value Investing" perspective. Just as I cannot argue from a "News Perspective"! Good luck and happy trading ... As Arnold so adequately put it ... "I'll Be Back!"
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