You gotta do what you gotta do, but if you take a nice, long, quiet look at the chart, then ask yourself, has this happened before to AOL? Yes. Last fall they were ~50% off their high and so many on this thread was singing AOL dirges. What was it, let me try to remember, oh yeah, the reasoning was that stock price has fallen because it took the company longer to acquire their latest 1,000,000 customer than their earlier millions... Yeah. Now no one ever mentions that anymore. No, now it's the AT&T cable thing.
Well, AOL will always retreat as people take profits, weak hands sell, and market makers look to make their moves. But has anything fundamental changed about AOL in the past couple of weeks? Or is it that the entire internet sector is undergoing one of its many corrections.
There are no guarantees and anything can potentially happen, but if "what comes around goes around" is true, then AOL will bounce back--if not next week then next month, and if not next month, then before next quarter--and the shorts will cover, all the faithful longs would say, "We told you so" and all the panic-streaken traders would kick themselves for selling into pressure.
Best to all,
Rommy |
