In the last two weeks, two companies with more recognition then AOL have stepped up to fight for internet users. Microsoft bought hotmail's 10 million users and now yahoo is stepping up to bat. AOL has some serious bumps in the road ahead of it:
I just don't see the valuation for AOL at all. Would have thought the announcement of some major players (MCI + Yahoo) entering the playing field would have trimmed expectations somewhat. Yet, it moves up big next day. May take some lumps for it, but willing to short at this level.