<<Now if there are some fundamental blockbuster news items between now and then (like a deal on broadband with T) then "all bets are off".>>
And how likely is this in January, after their best qtr ever, 2 weeks before earnings, with an almost guaranteed Broadband deal coming out eventually ?? As I said yesterday, it very well could drop to $65....hell, it couldd rop to $50 for all I know. I still feel very confident that AOL will be much higher in one year. With this in mind, I'd rather hold, and buy more on the dips instead of hoping for a drop in their typically best time of year and then watch it run without me.
If I were you Marvin, since you are a bull on aol, but simply feel there will be more downside...I would maybe do this - If there is downside, it will only be so bad at this level...we are not trading at $186, we are at $70. If it does drop into say the high $50's, I feel we will have a stampede of buyers. But with a 25% correction already and earnings, possible broadband news and etc.....I would make sure I at least held some now. Maybe you should take a position now, say half the shares you want. If it drops, you buy the other half and average down. If it runs, you can make a ton of cash and not have to kick yourself for not being in it......
Just some friendly advice....good luck to ya |
