Hard to Get Excited About AOL
Amid all the talk over the last few months that has focused on Facebook's (FB) dismal stock performance and the management shake-up at Yahoo! (YHOO), the spotlight has been off AOL (AOL). Shares of the company popped earlier this year on the news of a patent sale, cash infusion announcement, though the stock drifted higher since that point, followed by another jump after better-than-expected earnings for its June quarter. That earnings headline, coupled with the fact that more than 10 million AOL shares were short as of mid-June, resulted in short-covering that was responsible for driving AOL shares higher.
To be fair, that second move makes my April call to exit the stock not one of my better ones. But were AOL's second-quarter real earnings really that much better than expected? ...436 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.