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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Fiscally Conservative who wrote (21066)7/20/2001 3:49:50 PM
From: Fiscally Conservative  Read Replies (3) | Respond to of 30051
 
A Read on EXDS: from Jubak's Journal on Money central, MSN.
Here is what he wrote:
"Sell Exodus Communications
Exodus Communications (EXDS, news, msgs) may still come back and it may still have the potential to lead the “hosting” industry. But I’m now convinced that the company won’t come back until a bankruptcy reorganization has wiped out the remaining stake of current equity investors. I don’t know how long it will take before the company makes such a move, but I don’t see any point to waiting around until we know a definite data. I severely misjudged how quickly this company could spiral out of control and I sincerely regret not pulling the plug on this one earlier. Jubak’s Journal has a 95% loss on Exodus since I added the stock to the portfolio on January 26, 2001. Following the rules of Jubak’s Journal I will be selling my personal shares three days after this column is posted."

I have just bought the stock at 1.07 for a bounce come Monday! This is my channell!