ahhhh, I see.
I am a daytrader also, BUT I never daytrade AOL. Too succesful a stock to worry about. One of the best, if not the best, buy and hold's there are. With the tax ramifications on the big gains and the possible misses in buying and selling at the right prices, I feel AOL is simply best to buy and hold...buy more on the dips.
Incidentaly, about 4 months ago I started doing a little test. In my real life portfolio, I bought and held AOL. Bought on the dips and etc......Then, in a ficticious portfolio, I daytraded AOL. Without a doubt, I am much farther ahead in profits on my buy and hold, them my daytrading. Plus, I have no capital gains to worry about.....yet.
Now, this does not mean squat, as maybe I am a lousy daytrader....but the truth is, I actually do fairly well with it. I also did a very good job of tagging AOL, but it still does not compare to my profits on my buy and hold.
Lastly....$60 - $70, is of course very wishful thinking on my part. AOL is a pretty strong horse....could shoot to $120 just as easily. However, I do feel we are due for a correction...more then we have had...in the overall markets. With this in mind, I will wait and watch....I will not sell my current aol in anticipation of a drop as if it doesn't happened, I don't want to have to buy back original shares at higher prices......
Good Luck |
