Steverino,
You say, It does have to do with AOL as a stock, especially as a Internet momentum stock.
So the NAZ and Dow down over 70 points each have to do with AOL as a stock? I will tell Greenspan to go to the Hill tomorrow and talk AOL down. And I will tell Magellan to dump AOL.
Another well-known investing mistake is applying long-term analysis to short-term trading situations. That's considered a no-no, mainly because it doesn't work.
Since I am long-term, I am not really tuned to short-term trading situations. I care about what AOL will do in 4 or 5 years, and what it does tomorrow or next week is only an academic interest.
From a technical point of view, if AOL drops below 130 (its last pullback low), you could see it move down below 100, most likely the high 90's.
True, but it will not do this outside of an overall market swoon, as it did last summer when it dropped from 140 to below 80 (pre-split). If you have not checked, even if it dropped to 90, that would still be 180 pre-split. And if that happened, I would throw a party, and buy up as much as I could. |
