AOL is sitting at a prime support level. The 50
day moving average is a critical support. If the
futures hold, look for a strong bounce off of this level.
It is a common moving average for people to trade
off of, there are a lot of pros watching to see if it
holds, if it does and breaks 130, the trend should be
pretty solid up. Pretty easy rebound to the 140-145
level where it has moderate resistance.
The sell-off was highly leveraged by arbitrage
players. They sell the S&P futures short knowing that
there will be a flight to quality. Unfortunately since
AOL is a heavily weighted part of the 500, it got hit
by some heavy waves of selling pressure. When you
are watching the sells hitting in large quantities
look for odd numbers, they tend to indicate that it is
sell program driven.
previous shorts ?
1998 you started short AOL
when AOL was $120 before split ? how many shares did
you say? I forgot, sorry ? how many ? oh 5,000
shares. Did you short earlier ? you did ? oh no. Did you
short recently ? you did, good for you. Short at $138,
covered at $127, wow, talking about perfect timing.
Congratulation but may I ask how many shares today ? only 100. ?
Oh well, any thing helps. Keep trying again tomorow.
Like the chinese always say, "keep collecting sand,
someday you will have a dessert".
138 was the ABSOLUTE TOP AND 137 THE ABSOLUTE BOTTOM. Unless you were standing on the floor of the NYSE, there is NO WAY. NOW, how can anyone take you seriously? You are a lying, fucking ass hole.