Anyone who sells here claiming they are longterm is not an investor but a timer or a trader. There are better things to trade than AOL. For trading, elements such as RSI, moving avgs, sector strength, etc should all come into play.
I remember there are always periods when Wall Street truly screws up and there's excessive bullish or bearish sentiment w/ regard to a certain stock. AOL at 170-soemthing didn't make sense for an investment. Back in Jan 1996, right after Christmas, COMS and all the networkers caught fire like the Nets did this year. By February, CSCO and COMS, NN, ASND, CSCC and some smaller networkers were caught in an ugly downdraft. CSCO has been in some downdrafts and where do we stand today ? For AOL, this is no different.
AOL is a proxy for the Net much like CSCO is for netoworking, INTC is for semis. What good does it do to anyone to watch the day to day fluctuation in AOL stock if one is not trading it. I know i'll be called crazy for emphasizing this, but AOL is an investment...period. |
