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I bought back into AOL at 19.75 for the same evaluation reasons stated
earlier and I also bought into PGTV at 2.19 on what I believe to be
legitimate takeover possibilities. The stock is very cheap and the
temptation must be high. The company is well run and makes for a juicy
prospect at these levels. Also, shorted YHOO again at 14.64 Last, bought
LU at 4.14 based on my belief that creditors will not allow it to fail and
it has recently been battered beyond what is deserved by the general telcom
weakness. AOL is a position/day trade. PGTV is a
valuation/position/takeover trade. YHOO is a day trade. LU is a stick in
my IRA and "let it ride" trade.
All due diligence ..
Good trading,
Bob
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