Although one shouldn't get emotionally involved with a stock, in addition to thinking AOL is a lousy company, with lousy fundamentals, a business plan that won't work, an arrogant CEO, generally bad service, a horrible reputation, and both marketing and accounting practices that border on fraud, I just plain hate this company.
Even if I don't make a penny on the way down, I'm going to enjoy watching it self-destruct. Everyone seems to think that MSN gave up, but they've just begun a fairly serious marketing campaign and are adding subscribers. So is AT&T, Earthlink, and at least 5 other national ISPs, all with better service and almost no annoying ads. Add to this announcements like Yahoo! and MCI, cable modem services, which are just now being rolled out in mass, and a subscriber base that is becoming more and more educated about the internet, and I think its fairly obvious that AOL is dogmeat. I'm just going to sit back and enjoy the show. . . |
