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Non-Tech : MBNA (KRB)

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To: robert duke who wrote (79)2/5/1999 2:09:00 PM
From: robert marshall  Read Replies (1) of 119
 
Robert:

Looks like it just broke through 24 on the downside. Another bad day in what looks like a pullback. Definitely it will bounce off of the 19 area how high I do not know. Depends on market conditions - I have heard rumors of inflation picking up at end of year. If that is the case 30 is too high maybe it will bounce back to the 24 level. That is where the offering was distributed. In any case this stock is dead money this year. I picked it up off a short service that expects it to go down. I'm only in til it drops to 19 and will move to another stock. Good luck.
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