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

To: SirRealist who wrote (78905)	6/18/2001 8:02:03 AM
From: Zeev Hed	Respond to of 99985

Sir, I am not sure about WFII, in the last quarter they lost some $8.5 MM, half of it due to bankruptcy of a single customer. In the wireless space, we may find many more bankruptcies in the next six months, and the real question will their $17 MM of ash on hand be sufficient for them to survive? If the stocks drops under $5.75, it may revisit the $3 in the near futures. Once ambulance chasers take hold of this puppy, who knows what will happen, and so far I see only one ambulance chaser, other may follow... Zeev