No. of Recommendations: 2
I bought 100 shares of AOL at its summit just after the merger . Like $186.00 per share. It tanked almost immediately and has never come back….and I have held it all this time.It is now worthless. The Fool liked the merger (I read the archive) but really, what ever looked like a surer thing? A company already fully formed on the very edge of the vast and largely empty frontier that was to be the internet… with a company that was the very definition of entertainment. I was incredulous and nauseated as I watched helplessly and 'held'. It is an indescribably bad feeling to be burned so badly. But you know what ? And there may be a moral lesson in this... I HATED AOL (all along) and wouldn't have used them for a search engine for any reason or any thing.I despised their ad centric page and their assumption that you were low brow and ultra consumer oriented. Yet…. on another level I thought the merger would work and the stock would rise. So in a way I deserved it maybe. I will only from now on invest in things I like and can understand. Ironic that Google would have been such a fantastic buy when it IPO'd but I was gun-shy big time.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.