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Strategies & Market Trends : P&S and STO Death Blow's

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To: Rich1 who wrote (30046)6/4/2003 10:12:10 PM
From: Patentlawmeister  Read Replies (1) of 30712
 
Rich1: NTLI was (and still is) a post-bankruptcy play; early on (last fall) there was some confusion on the number of outstanding shares that would be issued after the bankruptcy - that's why the chart looks weird. In January it came out on the Nas at around 20.00, then as the former bondholders sold off shares it dropped to around 8 bucks. The guy who brought this one to my attention at around 10 strongly believes it will see 100 by next year. They spent $13B building their network, and mkt. cap is now only $1.5B. NOT a crapper stock!! Sales are around $60/share, and their peers in the cable industry sell for around a price/sales of 1, which would put NTLI at around 60 right now. I'd say the US public is nearly completely unaware of this company, judging by the # of posts on the Yahoo board.

OK, i know this thread is NOT for talking stocks, so let's get back to market timing. Hopefully Jeff will tell us here when he thinks it's time to short again. Personally, i'm gearing up for retirement as soon as we see that blow-off top.
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