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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (69780)	2/21/2001 12:00:15 AM
From: American Spirit	Read Replies (1) \| Respond to of 99985

LU - guess what? It's already crashed. 70-12. Bottomsville. VZ doesn't give their biggest contract of the decade to a company that's going down the tubes. LU has some credit problems. They're downsizing and raising billions fast. If you're short it here you face serious risks. It is also a takeover target and would fetch more than twice this price. They have the largest bank of tech patents in the world for one thing. That's not on their balance sheet. Bears and shorters have been calling for Naz 2200. Guess what? We're within a 120 points of it. Practically there. CSCO and SUNW went up about 8 points apiece last time the Fed made an intra-meeting cut. The Naz was at just about this level before that action. A little perspective from the other side.