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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: Johnny Canuck who wrote (25872)	4/2/2000 11:23:00 PM
From: Clint E.	Read Replies (1) of 68211

Harry, they were low in cash earlier in the year but looking at their earnings release: biz.yahoo.com they sold ~$900M in shares plus 10-yr. notes in Feb. They have already used ~$240M and now have ~$600M left(plus ~$60M in govn. bonds to pay for initial interest in issued notes). Being able to bring in $900M should be considered a big vote of confidence for this stock and is mostly due to its subs growth of operating companies(POPs growth). That's why in their press release, they first talk about subs growth in many paragraphs before saying how little they've made so far!!! For now, they seem to be very much interested in expansion not profit, evidenced by recent acquisitions and push to offer $30/mo pre-paid unlimited local minutes($99 h/s. no contract) thru Cricket comm. Therefore, more deals should be coming. TA-wise, the stock has been looking good and seems to be heading higher. Clint

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