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Strategies & Market Trends : Sharck Soup

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To: Pete Mason who wrote (16137)4/12/2001 3:05:49 PM
From: American Spirit  Read Replies (1) of 37746
 
If you think that's satirical you could lose a lot of money. Not including bonds LU only has 2-3 billion in debt now with rates going down-down. They are still the #1 name in the business world-wide. The #1 telco VZ (which is aloso a great buy albiet a safer slower one) just gave them the mother of all contracts. LU will take 2 years to fully recover but by the time they do the stock will be back in the 20's and you can remember this day. Bought SBC, NOVL and a little LU today. SBC like VZ is the other safe-safe bet to soar longterm as these big telcos now own the highway. Got to look ahead past this next quarter with much lower rates and you'll start getting the picture. Don't look back. The trend has changed, the spins has reversed and fear and loathing have come and gone. The shorts were simply too greedy too fast. Those who covered last week and now stay out will prosper. Others stubborningly believing their own past hype will stay in the red. We have about 20% on the upside to go here. After that we may stall awhile. By by year's end maybe up 35% from here. As a hedge I'd rather be in energy stocks than going short. Shorting can just kill you now. Kill you. CSCO to 25 instead of 8. Think about the ramifications for tech shorters.
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