Many friends of mine who own AOL told me today , they said they are very excited to see $ 110 / share for AOL. Also, they said a big profit taking will be seen on AOL tomorrow because the current price is very unreasonable compared with it's P/E and book price . Anyone think they are right .Is it time to short AOL tomorrow ?
AOL just announced a $2/month increase and said that it wouldn't add to earnings because of soaring infrastrucutre. If that's the case, how will their earnings look without the $2 increase (this past quarter)?
I have a feeling that earnings will be below street expectations. However, this stock has defied logic for the last year. It will probably go up another 5 points.