timistic analysts at the beginning of the year were changing their views, telling their clients to wait and buy AOL when it reaches $50. The bottom was set. There was nobody else to sell, and the stock had no way to go but up. As I write this, the stock is heading back to new highs and is trading around $140 per share, almost 100% up from the point where everybody was saying “there is no way AOL is going up”. A Zen Buddhist wouldn’t be surprised. ...
