RE:POST 167
I agree with you completely on this. This recent runup has been
extraordinary to say the least. But, you gotta remember that the street
is, for the most part, very short-term and narrow minded. Just take
a look at USRX and it price action lately. up 5 down 3 today up 3.
Anyhow, re AOL, seems as if the big money shorts are sticking to their guns.
Been following the volume charts, seen some very limited amount of
possible short covering in the 30-60,000 lots. nothing major IMO.
With 22 million or so shorts on this stock, I expected a lot of short
covering. Haven't checked out the charts today, but run back up today
to 40 may be some more covering. Eventually, when AOL announces earnings,
which which I believe will be dissapointing, stock will come back to levels normal
for a company who has no real earnings.
Regards,
Tony M. |
