John,
Well, we've closed on a $3/4 drop and volume at 200k-ish. At the worst
point today we were down 1 3/4 at 19 3/4, but we levelled quite
quickly at 20 7/16 before rising at the close back to 20 3/4.
It seems that this WSJ article has done all the damage that it's going
to do, and whilst there might be some more fallout tomorrow, I'd
certainly expect things to be back to normal (i.e. upwards !), by Thursday.
The conclusion I came to after thinking about this is "Do we know
anything more today than we we knew yesterday ?". The answer, of
course, is no. So what has happened today is that some small
investors, who maybe hadn't appreciated the "reality" of DISH, were
spooked by an article that showed things in a harsh perspective.
I'm sticking by the Lehman analyst (plus my own instinct, and those
of the other longs here !).
Mark |
