dennis,
I agree with you and Judy, there will be selling on the news on AOL tomorrow just like the norm. I think that AMZN has the possibility to blow by their top line numbers and that may have an effect on how the stock is treated. I also got a proxy from them looking to increase the shares outstanding, to me that means more acquisition and splits. I am sure you got the same info, what do you think about that?
A part of me thinks that the nets might be due to get hammered in the near term, but I have thought that in the past too, and there are too many individual investors in the market to let the nets fall too far, so I would not expect a long term correction, more of what Judy said, top tier stocks ought to weather this just fine.
My worry is in the Dow 30. I cant digest a continued move from here. If we do go down, I think we have to go down in a large fashion, 500-700 points, and maybe even more. The Dow has moved outside of the mean and has to rest at some point. I dont know if we can trust any one individual that claims to know .. Plonk, Carpino etc. There will be a trigger to start it, maybe Friday's numbers, or some Fed leak, who knows!
I would use caution here though, I could seriously see AOL below 100, it wouldnt shock me at all..
Sorry I havent been around too much.. Anyone heard from Chris? |
