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
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