If there is a technology company that relies on revenue by selling obsolete technology, has no vision, loathed by its users, and spending money on useless acquisitions and then selling them for a fraction of the price, it must be AOL. Yet some people still buy it, even George Soros bought it and now he’s selling it.

The stock is selling right now at $22, which looks like a peak to me when you look at the stock movement since its IPO in the beginning of this year. For some reason beyond my comprehension, the stock is bullish on the medium and the long term. What is AOL doing that investors think will add so much value to the company and bring revenue? The stock even went up 7% 2 weeks ago, the day they reported a $1 billion loss. I am clueless…