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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 686.96-0.1%4:00 PM EST
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To: xcr600 who wrote (34153)9/10/2001 11:23:40 AM
From: Johnny Canuck  Read Replies (1) of 69318
 
Thanks x,

Stopped out at $2.00. It is trading significantly below cash right now, but it will be a few quarters before they recover in this environment. The fact they are laying off 14 percent of their workforce also indicates the downturn is not anticipated to be short in nature.
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