Z Best Place to Talk Stocks Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Z Best Place to Talk Stocks

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Larry S. who wrote (39028)	4/3/2002 10:04:35 PM
From: DanZ	Read Replies (1) of 53068

I hadn't heard of ADLAC until you mentioned it here. I don't know anything about the fundamentals, but the chart looks sick. I would assume that the decline was precipitated by the following news: Adelphia Communications Corp. (ADLAC.O) confirmed on Wednesday the U.S. Securities & Exchange Commission was investigating off-the-books loans to partnerships controlled by its founders. The No. 6 U.S. cable operator disclosed $2.3 billion in loans last week. Some analysts are concerned that amount will increase when the company issues its delayed annual report. The market is very nervous about these types of transactions. If the company is on the up and up, the stock is probably a good buy for a short term trade. Otherwise it has more downside. I don't follow the company, so I'm not going to make a judgement on the legitimacy of the balance sheet. The only positive in the chart is the extreme volume the last few days and rally to fill the gap that it left on the opening. What is your opinion of the balance sheet and transactions in question?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next