Looks like the Comcast/T bid will be decided by Thursday:
bloomberg.com
I can't disagree with your comments, and if the battle with T is going to keep you up at night, then maybe you need to be on the sidelines for this week. As for me, I see this as a positive in the long run, however it turns out. If AOL is successful in taking a stake in Comcast, it will begin to lay out a cable strategy. If not, AOL can keep working the DSL and wireless rollouts for this summer while awaiting another cable oppoortunity.
One thing, though, when I look at the charts I think technically AOL looks stronger to the upside than to the downside. It is once again at its 50 day ma, the stochastic looks to me like a weak buy signal, and the ROC and money flow look like they want to turn up. We might see a stronger indication one way or the other tomorrow. I defer to Vendit, though, for a better analysis.
Good luck, whatever you decide to do! |
