My attorney is doing the subpoening as we speak.
The posters that have caused me to lose money are the
ones that are going to lose in the end. Get ready to
I concur on your opinion, not sure where the
strong resistance is exactly. However, based on the
10-day MA, AOL is still technically bullish for the
short-term. I too am not really alarmed by the late drop
since the volume was light....
I generally take all short term advice from the
big boys and turn it around. Only fools think they
will tell you what they are doing. Once you know it is
too late. They have already stuck the knife into you
or they are playing you like a fiddle.
average "Joe" gets screwed. If you are always chasing
their moves you'll lose big.
The internet valuations are based on "a new way
of thinking" such that P/Es don't matter, old
thinking doesn't matter, anything is possible. etc.". I
believe that this very way of thinking is now being
questioned. Practical limits are factoring in to the initial
exuberance. Questions like "how much would this company have
to earn to bring them in line?" or "so, if it
doubled again it would be bigger than Intel?". The
answers can make you question the original premise. Lay
this on top of a shaky market with the rate hike fears
and people start to look even closer. And, when you
do, it makes you more scared.
terms, the growth is just not sustainable. Say what you
will but if AOL doubles 2 more times (it did so so
many times alread) it will have the highest market cap
in the world. And its net revenues are not even
close to many companies with much smaller market caps.
Given this pressure, any negative point can cause sharp
drops. All internet stocks are behaving like
What I fear is that the big buys are selling slowly.
Look at all the net stocks. They are dropping
I hate Hypesters, especially those who type all
in BIG CAPS, as if they are actually going to effect
the price of this stock with their little two cents.
What moves this stock are the big players, the
institutional investors, the trades over 10,000 shares.
Hypesters just try to manipulate the few weak investors,
trying to make them panic and sell or buy on unrealistic
expectations. Please stop already! I would like to read some
intelligent and rational discussion regarding why the sell
program occurred today and/or any other significant FACTS
that have any relevant bearing on AOL and its
shareholders or potential shareholders. DLJ reiterated their
Top Pick rating today, and Merril Lynch reiterated
their Strong Buy rating as well. The vast majority of
internet-related stocks got hit really hard today--look at COVD
down 10+%, NITE down 7+%, RNWK down 8+%, IVIL down
12+%, etc. etc. AOL's drop doesn't seem too bad
compared to some of the others. Moreover, you have to
realize we had significant gains since Monday, rising
from 125 back then. Hence, I see today's loss as mere
short-term profit-taking. Fundamentals are still sound.
Finally, the slide came on lighter than average volume,
which to me does not raise any red flags. If anyone has
any meaningful technical or financial analysis that
may help us evaluate AOL's prospects, I would
appreciate it. The charts still appear good to me. Their is
strong resistance at around 139, but if we break through
that level, significant advance likely.