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Technology Stocks : America On-Line (AOL)
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To: RetiredNow who wrote (3501)1/27/1999 12:07:00 PM
From: Steve Robinett  Read Replies (3) of 41369
 
Meld,
You say you just bought in for the earnings bounce and expect AOL to surprise after close today and expect to sell stock at $190 either tomorrow or Friday.

If you check an AOL chart, you'll discover that most often (not always but a significant majority of the time), AOL runs up ahead of earnings, as it just did over the last couple of days, and sells off afterward, a buy-on-rumor-sell-on-news pattern. AOL recently lept way ahead of fundamentals then paused. Volatility of both options and the underlying issue has fallen off, indicating less speculation at least recently. If AOL announced another split (doubtful this quarter), it might see your 190. Otherwise, my guess is it's back to sell on news.
Good Luck,
--Steve
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