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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: James Clarke who wrote (3230)	2/14/1998 6:56:00 PM
From: jeffbas	Respond to of 78602

I generally disagree with you on AOL. I was patient with them in the winter a year ago. But when the service started turning bad again recently, I bagged it for the cable modem @HOME service. I had no problem changing my email address and I value my time. @HOME is so many times faster I can't possibly imagine how I could have wasted so many hours on AOL. The cost difference in immaterial for anyone who needs an extra phone line for AOL, to avoid tieing up the primary home line for long periods. I think AOL is at the current price because of momentum players, short squeezes, stupid investors, AND because it does have a franchise. (You can have a franchise without offering the best product or service in town.) However, the stock is grossly overpriced - but you sell short a bad business not a bad stock, which too many shorts never learn.