When I was a stock broker, I had one wealthy client, who loved AOL( America online). At the dawn of online development, they were among the top three content and Internet providers.. After arriving in the states, I first used bulletin boards , then Compuserve ,and then AOL. Actually, I have been working with personal computers since 1986. I perfectly knew all the models of companies and then, being a broker, I deeply studied the business and the future of online. At that time, AOL was not needed, since all content could be found for free on the Internet, by purchasing only a service from an Internet provider.
So I bet, that AOL would be bankrupt after, how they raised the cost of the service from about 24 to 29 dollars at the time, how many cheaper internet providers appeared. My client could not believe my prediction.
What turned out later? Time Warner bought this garbage on the verge of bankruptcy( but few believed) and then it turned out, that AOL went into a huge minus and dragged Time Warner down , yes so, that Ted Turner( I think many people know him) had to leave Time Warner , although he was against this takeover. On this deal, Ted lost something close to a billion.( I do not remember exactly).
What am I talking about?! Suddenly I saw, that AOL is trading again, forgot Time Warner did the spinoff.
I got a forecast again. Guess which one?
Answer— Belly up or someone will buy on the cheap. So this is my focus as well. Need to drive this garbage to single digits.
Ticker AOL has the same, as it was before AOL.
By the way, one of my recent NFLX tricks has already lost 10 bucks from 108 to 98 and there are still enough minuses ahead( so repent of me)