AOL Trending Like It’s Nineteen-Ninety-Nine
America Online $AOL doing it’s best internet bubble reprise, trading down hard in recent days, down as much as 40% from 2014 highs set in early January, signaling a return of volatility to the space.
When presented against a chart of investor sentiment as measured on StockTwits, this price action isn’t too surprising. Investors had been overwhelming bullish on the stock heading into yesterday’s earnings report, and appear to have been blindsided by the numbers and guidance, resulting in an emotional reaction.
But all is not lost. There’s still some possible bullish catalysts out there. At these prices, $AOL may become more attractive for an acquisition:
— joe donohue (@upsidetrader) May. 7 at 08:11 PM
Should get interesting over the next few weeks as investors continue to digest this move and it’s implications on the bigger picture for AOL and it’s place in web 2.0.
Follow me on StockTwits: @chicagosean
Tickers: $AOLblog comments powered by Disqus
StockTwits® is an open, community-powered idea and information service for investments. Users can eavesdrop on traders and investors, or contribute to the conversation and build their reputation as savvy market wizards. The service takes financial related data and structures it by stock, user, reputation, etc. More »
Search by Date