I would not put to much credit on negativity towards TRRA. Afterall, it ran to over 100 at one time due to its potential(and that was not an IPO run). The market loved the idea of Latin American internet growth. well nothing has changed, and the Latins are still there, ready to grow. TRRA is backed by the big dog, and TRRA is here to stay, just like its parent company. Its a bear market, and one we have not seen for some time. Its either crash or rally at this point, and with the general mentality being get "through the summer", we can pretty much predict what will happen in Sept.. If the Naz goes to 2900, and TRRA is at 40, life is good, because on any Tech rally, TRRA is back to 45 and the collar has been meet, thus LCOS =$97.55. And if TRRA doesn't buy them, we will get a cash deal form other sources.
Again, IMO, I do would not blame any individual stocks at this point, its a herd mentality and right now the herd has no bulls. |
