CTC,
First thank you so much for your consideration for my friend.
Secondly, bingo! I am very much surprised that you are still alive after mentioning AOL in the same sentence as BOST, OXHP!:) Anyway, got your point.
Finally, I guess that the investment is no long an art as it used to be. Want to make the most money? Just follow the mass sentiment. The market is driven either by greed or fear. When the mass echos GREED!, then you go long and buy calls. Otherwise, stay on the sidelines or buy puts. The fundamentals of companies are ancient stories that belong to old old guys. Cool investors never give a shit about cash flow, PEG, PS, etc. What is earning? Can you spell the word for me? As long as there are people willing to pay 200 or 300 for AOL, it's a strong buy. Of course, when one day the mass sentiment changes to so negative that the issue gets a 70% haircut, the same analysts could well give it a hold rating when there is no fundamental changes on the issue.
enjoy,
larry! |
