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Non-Tech : Loewen Group

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To: Steve Johnston who wrote (250)2/15/2000 1:45:00 AM
From: Lawrence Burg  Read Replies (1) of 277
 
What's the point, Steve? The point is the common appears to have hit bottom and is turning back up...not all that hard to see lately.

easystock.com

Of course resistance levels apply. It's still traded on open markets, and the same psychologies are working the price.

Now, when I go back 18 months and see the common trading in the teens, vice 1/20th of that number today, I figure there's still a bit of an imbalance between the market cap on the assets then, and now. It think most are aware of the risk inherent in the commons during C11, but the steps LWN is taking appear to be mitigating that risk...hence the price rise...
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