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Strategies & Market Trends : Rande Is . . . HOME

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To: maverick61 who wrote (50077)	4/4/2001 1:16:13 PM
From: American Spirit	Read Replies (2) of 57584

Take accounting 101 yourself. Yes LU has major problems but bankrupcy is not realistic this soon into the game. If cap spending improves anytime in the next 2 years LU will survive and eventually thrive. LU's huge contract with VZ proves they are still very much in business. They are simply being overly attacked by aggressive and unethical shorts (bltantly false rumor spread this morning) and are taking the big hit. A year from now you'll look back and wish you'd loaded up. The fear factor is clearly overdone. I sold my LU at 12.88 (taking a loss from $14) and am glad I did, but $5.5 is ridiculous. Faber reporting on it now and though things looks fairly grim it's not a terminal case at all. By the time Greenspan cuts another 1%, LU may be back over $10, maybe even back to $12.88 where it was just two weeks ago. Or $21 where it was 6 weeks ago. I'm not buying now at $7 (would rather own EMC for instance) but if it goes back below $6 I might hop on some. Also, if I were CEO of a big telco I'd be wanting to buy LU down here. Wouldn't you?

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