Nothing personal, but since you've been elected the contrary indicator of the month by others here on the thread, I think it's safe to say that now is the time to:
1) Buy all the IOM you possibly can, and
2) Short the hell out of AOL.
This goes against my gut feeling, however, which is that AOL is move higher, possibly into the low 90s, with the real possibility that AOL is announce a stock split and/or an acquisition (even they realize that unless they get out onto the web in a big way, they're dead meat--high speed access is coming around for the average consumer and will be widely available by mid-next year in most markets). A combination of these two factors could easily send AOL over $100. Of course, then there's AOL's quarterly brush with reality (earnings) and the CompuServe mess--please chant after me, "there are no economies of scale in computer networks, there are no economies of scale in computer networks"--so my prediction is that the shit hits the fan sometime around Feb.1. If AOL is in the 90s or higher by this date, then I may even sell some of IOM to short the thing. I admire anyone who has the balls to short the thing now--of course, the Rocky indicator suggests this is a good idea, so I'm anxious to find out whether I'm right or if the indicator holds. . . |
