Sand Spring Advisors LLC
Picking a Definitive Low in AOL
July 2, 2002
by, Barclay T. Leib
In early 2000 when AOL was trading in the 60's, we concurred with loose "pattern match" analysis done by others that AOL could easily follow the path of RCA in the depression years -- falling as much as 80-90% in value. We said this despite AOL's preeminent position within the Internet world. After all, RCA held a similar preeminent position within the radio world in the 1930's, but its stock price still got hammered during that period, subsequently spending the better part of 17 years before eventually being able to recover its pre-crash highs.
But as AOL fast approaches the 10.40-10.55 region, where we see definitive Fibonacci support, we will be buyers of this stock. While we greatly dislike the overlap of waves 1 and 4 despicted in the Advanced GET "auto"-Elliott Wave Countn shown above, at some Elliott level, this stock is fast becoming very oversold -- even if on a huge A-B-C basis, as opposed to the GET count. This quality company (albeit with a poorly timed takeover of Time Warner) is also a survivor longer-term.
Non-subscribers are invited to sign up for our premium level of service below, and gain immediate access to this commentary entitled "The Coincidence of Time," as well as our May subscriber-only write-up "The Search for Survivable Themes."
How Your Articles Are Delivered
Upon the processing of your credit card or the receipt of a personal check, Sand Spring will e-mail you the articles requested as a Word attachment, and also provide you with a WWW address and password to view the article on the web without using Word should you so desire. Confirmation of your order will be immediate, and the actual article will follow by e-mail typically within a few hours and in all cases before the opening of NYSE trading on the following day.
Ordering by Credit Card:
Our shopping cart is designed for both physical and subscription products, so do not be confused too much when it asks you for a shipping address. A correct address is important only for credit card authorization purposes. Your e-mail information is the most important piece of information to us for proper delivery of your article(s).
Sand Spring Advisors provides information and analysis from sources and using methods it believes reliable, but cannot accept responsibility for any trading losses that may be incurred as a result of our analysis. Individuals should consult with their broker and personal financial advisors before engaging in any trading activities, and should always trade at a position size level well within their financial condition. Principals of Sand Spring Advisors may carry positions in securities or futures discussed, but as a matter of policy will always so disclose this if it is the case, and will specifically not trade in any described security or futures for a period 5 business days prior to or subsequent to a commentary being released on a given security or futures.
If you order by credit card, your credit card will be billed as "Sand Spring Advisors LLC"
Take me back to the Sand Spring Home Page
Comments or Problems
Thank you for visiting Sand Spring Advisors LLC, Inc. We hope to hear from you again soon. For more information on Sand Spring Advisors actual programs, services, or to request a copy of a Disclosure Document, please phone us at 973 829 1962, FAX your request to 973 829 1962, or e-mail us at information@Sandspring.com
10 Jenks Road,
Morristown, NJ 07960
Phone: 973 829 1962
Facsimile: 973 829 1962
Best Experienced with
The material located on this website is also the copyrighted work of Sand Spring Advisors LLC. No party may copy, distribute or prepare derivative works based on this material in any manner without the expressed permission of Sand Spring Advisors LLC
This page and all contents are Copyright © 2002 by Sand Spring Advisors, LLC, Morristown, NJ