Steve's Channelling Thread Message Board

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Strategies & Market Trends : Steve's Channelling Thread

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To: TREND1 who wrote (18428)	6/20/2001 11:35:13 PM
From: mishedlo	Read Replies (1) of 30051

Larry you did not ask me but just looking at the market cap and earnings I do not see whay it can not fall to $1. An 18B cap, horrid fundamentals, debt, etc. Of course one is supposed to look ahead and you are trying to do that, but what do you see in this? A 100% turnaround and ZERO earnings the stock will rocket I suppose but then you have a company with a cap of 36B and no earnings. I guess I do not see a scenario where FUNDAMENTALLY this is a good play. It could be a momo-play later if you mean a rise to severe resistance at 10-11. I see no sign of a bottom other than volume a little higher than average. If LU doubles then there has to be 35 easier picks that will do likewise because of a "story" if nothing else. I am interested in Zeevs thoughts for a comparison.

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