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Strategies & Market Trends : Roger's 1998 Short Picks

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To: jeff nightbyrd who wrote (3018)2/15/1998 11:58:00 PM
From: Dan Lisman  Read Replies (2) of 18691
 
Jeff, AOL is making lots of customers mad by raising their rates. At first I thought this would be good for "shorts". Later, I decided that the only AOL to ISP deserters would be the experienced "heavy time low profit" users. The newbies and Grandmas will be glad to pay an extra 10 percent for "hand-holding". Chasing off the HOGS and keeping the rabbits will just add to AOL's profit margin. I've been bitten before trying to short AOL's high P/E with reason and common sense. Wait until the momentum stops (maybe 3 months).
Dan
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