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Non-Tech : Invest / LTD

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To: waverider who wrote (2758)	9/10/1998 2:09:00 PM
From: tdl4138	Read Replies (2) of 14427

<How much downside do I see in BT?> How big a problem is Brazil...and the rest of S>A.? Earnings have already been lowered to about $3....and thats before any substantial losses from S.A...So what if it's down 50%...that's old thinking. What is it worth TODAY with potential losses in the billions? Third quarter earnings have been reduced to a loss (if I'm not mistaken...of .83..from over +$2...) I would eventually expect BT to be a $30-35 stock...along with CCI trading at about $40-45. Don't try to value them on old earnings....they don't exist anymore. What I am afraid of is that in the very near future, Greenspan will be forced to lower interest rates....and that will be the beginning of a powerful rally in the financial/brokerage stocks. Just look at the opening action this past Tuesday. Most of the money center banks opened 7-8pts up (and quickly sold off). That was on the rumor...the actual event would be substantial...albeit...short lived. It would also be a great time to re-short. Just remember....the fed doesn't have to wait to the scheduled meeting to adjust rates...especially if we're talking just a 1/4 pt. Just my thoughts Dave

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