I think the fact that Magellan sold a lot of
shares of AOL in the last 2 months is a good thing. It
explains the reason behind the selloff in AOL shares. Now
that they are done selling there will not be as much
selling pressure on AOL shares. It should be smooth
sailing from here until the 21st!!!!!
ow. If we go sub-120 today and those 120 calls dont have to cover, look for AOL to go to 110 tomorrow. The magellan news will be all over the place after the close and AOL will get stomped.
be bargain huniting here. I mean, talk about
trying to catch a falling knife? Whole net sector goin
in the toilet. This Magellan News is bad for the
whole sector. If they don't want the ultimate net
bluechip, what does that say about fund ownership of any
Seriously. . .
Geeze, countering that one
was easy. Magellan didn't "DROP" it from their top
10. The liquidated some of their huge profits, and as
a result, it's not one of their top 10 holdings in
terms of $ value. Big difference.
shares have been sold already. That explains some of the
recent weakness. Selling now is like putting on a
bullet-proof vest after you've been shot. The big seller is
gone and the trend should continue up from here, right
into good earnings numbers and an inevitable stock
Another clear sign is the number of idiotic scare tactics
on this board. That normally signals a nice surge to