Steve Robinett, Re: <”Many of these Momentum Morons will wind up breaking Captain Kirk's Prime Directive of investing, i.e., don't lose money.”>.
I think that is great and timely advice. Did you ever think about emailing it to Fidelity Magellan, Janus 20 and S&P Power picks ( top winningiest funds ) managers, since they ‘ve all been buying AOL?
Also I am a little confused . You said :
“Long-term, I'm generally positive on AOL as a company. “
But then I read this:
Message 5848521
Jay,
<<I am beginning to think that AOL is the best Internet business out there. >>
I'm not. Long term, I have problems with the basic concept of AOL, a dialup content provider. Conceptually, broad bandwidth Internet access (cable and DSL are on track to be 25% of Internet access by 2002) give a dialup model problems. Is AOL's content so compelling that people will subscribe to it in addition to a high speed service to deliver it? Does AOL become a giant website, a mall? (As a company--forget valuation--I like Yahoo's future better than AOL's.)
So where are we going from here. Is AOL Good? Bad? and the Ugly? , < GG>  .
Personally any down movements are a good buy. Internet ecommerce is the best growth business in the next 10 years. Buy the leaders. You are unlikely to go wrong,
Cheers,
TA
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