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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (49478)11/26/2000 11:42:52 AM
From: Skeet Shipman  Read Replies (2) | Respond to of 94695
 
Hi Bill,
The analysts don't think much of LU. Fiscal 2001 estimates have been reduced from 65 cents to 20 cents. Here is the story. thestreet.com

With many funds having capital gain distributions along with reporting taxable gains this Dec., The swing from high levels of cash to very low levels of cash will put selling pressure on the market or; at best, a period of rotation. IMHO

Skeet



To: William H Huebl who wrote (49478)11/26/2000 2:43:22 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 94695
 
Watching it to buy, it may be early but only $18 downside risk a big cry from it's 75 to 80 level wen any one in the world had a buy recommendation on LU.

But advances will be slow and steady, It may be worth waiting a bit for a complete clean out and clearer bottom.

Haim


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