>had to average down
I also bought more ATHM recently, in the 40's, too soon, of course.
I "averaged up", how have avg cost = $35, but will makes tons
of money on ATHM as it climbs to 1 million subscribers, then
2, 3, 4, ... keep in mind that 20% penetration rate of the
60 million homes that ATHM has access to = 12 million subscribers.
AOL has that many now, and with high speed cable access, esp.
thru set-top boxes, the market will grow in ATHM's direction.
Same as adoption curve for VCR's for instance ->
1st users = hobbyists, then price fell, now VCR's are as common
as telephones... when ATHM is as common a brand name as AOL is
now, those of us who hold this long-term will be rich by then... |
