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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (24258)	3/21/2001 7:55:22 PM
From: JoeinIowa	Read Replies (1) \| Respond to of 29382

Sergio, I have heard that short covering line before. I think you are going to have to get some major market sentiment change before the covering starts. There just is not a lot of buying going on which means we will continue heading downward. The shorts have been is such total control I do not think you are going to panic them into covering. They have made a lot of money coming down and can afford for the stocks to rebound a little. Until we start having someone predict a recovery I have to believe every rally will sell off. I think the same concept we saw on the way up to 5000 is now working in reverse. People had large profits and were willing to hold while there was a little correction etc... which kept stocks going upward. Joe

To: Sergio H who wrote (24258)	3/21/2001 8:02:28 PM
From: Ditchdigger	Respond to of 29382

<lol> RA(D),RA,RA!!..Considering interest rates in 2001 have been coming down,and appear as though they may continue longer..Who's good with a calculator,,how much will RAD save in interest expense? "Changes in one month LIBOR affect Rite Aid's cost of borrowings because the interest rate on Rite Aid's variable-rate obligations is based on LIBOR. If the market rates of interest for one month LIBOR change by 10% (approximately 60 basis points) as compared to the LIBOR rate of 5.91% and 6.65% as of February 26, 2000 and June 24, 2000, respectively, Rite Aid's annual interest expense would change by approximately $14.9 million and $16.1 million, respectively, based upon Rite Aid's variable-rate debt outstanding of approximately $2.5 billion and $2.7 billion as of February 26, 2000 and June 24, 2000, respectively" (1999 10k)