A four bagger in two years!!!! You should be telling ME!!!!
That said, I see nothing wrong (and everything right) with America Online. The company is strong, the earnings will be excellent, the industry, and company is in its infancy, the company is the KING (maybe not gorilla yet), and its a popular stock besides.
Here's what IBD indicators say about the market (not AOL particularly just the market):
From Friday April 16:
1. Investment advisors: 56% bullish
35% bullish is bullish, 55% bullish is bearish so this indicator is BEARISH.
2. Short interest:a little over 4.5
7 is bearish, 4 is bullish
So this indicator is BULLISH
3. Investment advisors: 31%bearish
50% is bullish, 20% is bearish so this one is a little undecided, but more BEARISH then bullish
4. Daily odd lot short sales:3.15%
30 is bearish, 10 is bullish so short sales is BULLISH!
So two bearish psychological indicators and two bullish psychological indicators.....
Hard to know, isnt it?
I wouldnt sell my AOL anytime soon but that is JMHO.
Freeus |
