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Strategies & Market Trends : Alamos Gold
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To: Al Collard who wrote (3000)7/28/2002 4:47:17 PM
From: teevee  Read Replies (1) of 4470
 
Al,
A chart of a stock that just endured an ugly sell-off last week on above average volume. The chart indicators are showing the stock to be oversold but the heavy volume of the sell-off could mean more to come. JMO

Thanks for the chart and comment. My rational is as follows: Recent financials from Telus have used "voodoo new economy" non GAAP accounting terminology in their statements. Ever heard of a term like ebitda? Ever heard of anyone writing a cheque on ebitda? I haven't...and here is a recent public statement I found on Reuters that I believe is unprecedented:""""The big investment houses are owned by the banks, and the risk management departments of all these banks have told the traders 'Don't add any more Telus exposure, because we've got too much exposure on our loans',""""
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