So AOL is up 42% because they sold a bunch of patents to Microsoft.
http://money.cnn.com/2012/04/09/technology/aol-microsoft/index.htm?iid=HP_LN&hpt=hp_t3
Any thoughts on AOL as a potential short candidate?
PROS would be that:
1) People who bought low may want to ring the register on the first hint of a pullback to protect some profits.
2) People who bought a while ago are now starting to get close to breaking even.
3) Major overhead resistance in the 27 and 29 areas.
4) Appears to be more of a "Whew! We now have some more cash so we can keep afloat" vs. an Apple-style "we don't have room for any more money so let's buy something" feeling.
5) Not a dividend paying stock, so buy-and-holders may want to take a gift horse.
CONS:
1) Been hammered for a while, but is an a gradual uptrend over the last 9 months.
Curious how others might play this since I don't like to short blindly on the run up without seeing some hint of hesitation , so I'm just watching from the sidelines at the moment.
http://money.cnn.com/2012/04/09/technology/aol-microsoft/index.htm?iid=HP_LN&hpt=hp_t3
Any thoughts on AOL as a potential short candidate?
PROS would be that:
1) People who bought low may want to ring the register on the first hint of a pullback to protect some profits.
2) People who bought a while ago are now starting to get close to breaking even.
3) Major overhead resistance in the 27 and 29 areas.
4) Appears to be more of a "Whew! We now have some more cash so we can keep afloat" vs. an Apple-style "we don't have room for any more money so let's buy something" feeling.
5) Not a dividend paying stock, so buy-and-holders may want to take a gift horse.
CONS:
1) Been hammered for a while, but is an a gradual uptrend over the last 9 months.
Curious how others might play this since I don't like to short blindly on the run up without seeing some hint of hesitation , so I'm just watching from the sidelines at the moment.