The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Waldeen who wrote (33196)	4/28/1999 1:05:00 AM
From: MrThesp	of 90042

Waldeen...re AOL: This activity, as you say, was not strange at all. The reason I decided to hold overnight was because of research I'd done showing that AOL, split announcement or not, has historically traded higher after announcing earnings. I did let the stock go earlier today and picked it up again about 5 points cheaper but I had decided in advance that I would hang onto it through the earnings. I figure, “what the hell, it's AOL...it'll recover (almost) no matter what.” That's why the closing tank didn't really bother me. If it drops for a couple days, it'll just charge back stronger next week. I let this baby get away from me too many times in the past because I was impatient. Not this time. I may get a little frustrated on a particularly bad day but, all in all, it's a Juggernaut. One last thing that amused me. CNBC made a big deal that the “Street” didn't respond favorably to the earnings announcement because it traded down on Instinet after it briefly reopened. What a laugh! There were a grand total of 27 trades after the announcement and not ONE of them was more than 1000 shares. What “Street?” A bunch of Penny Ante players selling on the news? We shall see. The morning will tell the true story but the analysts, for the most part, were very impressed. Seems like the best thing to do is make sure you're sitting on it at the close just in case it pops the next day. Either way...even if you pay more to get back in...AOL is pretty darn reliable. JMHO Paul {:-)

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