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Non-Tech : MBNA (KRB)
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To: robert duke who wrote (77)2/4/1999 8:50:00 PM
From: robert marshall  Read Replies (1) of 119
 
Robert;

MM has finally unloaded the 50 Million shares he had to sell. You did not expect it to go below 24 until that was accomplished did you. Now it's lookout below. That is why I shorted at 26 and again at 28. Don't you think the 2 Billion dollar offering will dilute earnings? It sure will! I expect a drop to the 19 range. It would be smart for you to sell if tax consequences are not a problem and repurchase at 19.
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