announced after the bell on Wednesday. Here is an
insert from cbs marketwatch earlier today. "Amazon.com
(AMZN: news, msgs) and America Online (AOL: news, msgs)
are both slated to report quarterly results on
Wednesday." I realize the the bastards that
we rely on
for credible information in helping us make our
decisions have all been wrong, I've seen anything from 7/22
to 07/28 (7/28 stockselector.com) as an earnings
report date but reuters and cbs ect. are all reporting
that AOL will report earnings after the bell on 07/21.
Maybe they want report at all this quarter just for the
hell of it. That would be fun.
It is unfortunate that poor performance of IBM is
affecting all of us that are holding AOL before this great
earning date. This is only a panic selling for all the
big names. Do we all think that IBM, MSFT, CSCO will
forever tank??? Big names are here to stay---today is
only a typical tech sell-off day, it has nothing to do
with the fundamental of internet sector and AOL's
earning. If I were shorts, I will take some small profit
and cover before closing today.
Geeze louise! Uh, hello....?
Let me see if
I have this right - NASDAQ is up 29.1% YTD as of
yesterday's close. S & P is up 14.5% and the Dow 21.9% Yes
this it TERRIBLE, and the market is going to zero! GET
Duh, the NASDAQ is up about 18% in the last month, so
of course a pause is expected. However, and this is
the important thing, it's staying right in its' price
channel. Yes there may be a move back to 2700 or so, but
there's reasonable support there. Ditto with the S & P at
1375 and the DOW at 11050.
RE: AOL a close
below 115 will be a break of the recent uptrend, but I
expect a close above 115.
Full disclosure: I own
AOL sold it back at 165, then bought back in at 93.