Maybe. Will it go much lower and stay
This is what you told us last year, before AOL went up
and split TWICE:
In his message #14049,
EEE_MIKE (35/M/Minnesota) of a year ago EEE_MIKE said the
following (a verbatim
"I am genios, you
morons out there.
by: EEE_MIKE (35/M/Mpls, Mn)
14049 of 12920
My break even point $95 and is
becoming closer. I will do whatever it takes to get
mother come down to 95. Today's 1% dropped is
contributed to my relentless efforts.
Longers, Kiss my
Posted: 8/3/1998 6:07 pm EDT as a reply to:
Msg 14046 by alfyboy_l"
Not long after this
stupid message AOL stock moved up to 160 and split
Anyone dumb enough to listen to EEE_MIKE failed
to QUADRUPLE his (or her) money!
What do you
say to that EEE_MIKE, you dumb shorting
EEE_MIKE, you may have since that time changed your profile
(that's easy), but, for your own sake, CHANGE YOUR ALIAS!
You are beginnning to look like an ass in FRONT OF
THE WHOLE WORLD!
Now, without the buyout rumors to scare NYS off, watch him try to short AOL so that the October 100's expire worthless. NYS is the king of the shorts.
AMZN is a beter play that AOL right now.
trend. Profit taking happens all the time and it
was on medium volume. My forecast calls for a great
market in October and the run in the Market and AOL is
just getting started. I agree that institutions were
not buying today, because they did not want to show
AOL in their 3rd quarter. They will be buying it
after today, so they can show it in their 4th quarter,
which is going to be gang busters for the Internets and
AOL in particular!!!
AOL is just consolidating after a huge run up
from low 80s to 110 plus in a week. It is casing
around 103 - 106 for a few days to establish a good base
for the next upside to 120+ in the next
Don't sell now. That is what the shorts want you to do.
Technically AOL has punched thru its resistance with all
positive indicators such as momentum and volume on the
upside. Today's down is in small volume compared to the
last few days (all close to 30 mil shares, today's
only half). The trend is also very postivie based on
higher high and higher low.
Next week AOL will
announce some positive news including product launch.
Besides Q3 earnings should be very solid since the number
of companies which had pre-announcement is almost
nil in September. This spells for a terrific
My target for AOL is around 120 to 130 before
earnings. Stay long and add some more when you see
weakness. Good luck.