Herbert, AOL and AMZN went up partly due to short squeezes,and limited availability of shares. That is also true with ATHM at the moment,and this could cause the stock to rocket. This IS the future of broadband access,no question whatsoever about that. Would I buy it at 50.maybe? I would buy this over buying AOL at 20,they have no future,or AMZN with very few assets at the same price. I can't believe these companies have gotten this far ahead of themselves,but as long as people continue to short them,they will go up.
ATHM is a fine company,I am waiting to buy on dips from insider sales,and the possibility that T's deal falls through. I am a contrarian investor,and bottom fisher.I own ANAD at 13,HLIT at 11-13,and BAY at 20 for telecom infrastructure stocks. I wait until people on SI say the company is going out of business,and I see a turn in its market,and the fundamentals are sound. So ATHM does not fit my investing style right now.
Hiram |
