MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.44

+1.6%

Nov 10 4:00 PM EST

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To: waverider who wrote (74940)	4/14/2001 5:49:52 PM
From: American Spirit	Read Replies (1) of 99985

Go ahead and short LU at 7 too. Go ahead and play with fire all you like. Down 90% I think the bad news is priced in, to put it mildly. 20+ bill market cap and 20+ bill annual revenues. 3 billion cash and 3-4 billion debts. 5 billion new VZ contract. Why are you banking on it going down from here? I see no justification except shorts being irrationally exhuberant. But as shorts lose more and more and make less and less I don't thnk they'll be much exuberance left. PS though: I might go short too if we continue up too far and too fast. Hasn't happened yet though. I'd short LU maybe at 14 unless there's a takeover in progress. Not a healthy company but very-very oversold.

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