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To: GREENLAW4-7 who wrote (5919)1/6/2002 8:05:14 PM
From: Razorbak  Read Replies (2) | Respond to of 206325
 
greenlaw,

I want everyone to know that I am an Attorney, and I know the decision that came down last year regarding Liability in asbestos damages for an buyer of another company that had actual notice. This decision is what has HAL in such a dilemma.

Please elaborate on this aspect. Also, please specify the type of law that you practice (e.g., litigation, corporate, bankruptcy)? TIA.



To: GREENLAW4-7 who wrote (5919)1/6/2002 11:53:36 PM
From: upanddown  Read Replies (1) | Respond to of 206325
 
Louisiana(new tort reform coming)?????

Greenlaw, do you have any more info on the status of tort reform in LA? MDR is HQed in the Big Easy and the B&W BK proceedings are also there. I heard about the PA law but whats going on in LA? Anything limiting B&W liability could really help the still grossly under-priced MDR.

TIA

John



To: GREENLAW4-7 who wrote (5919)1/7/2002 8:45:24 AM
From: chowder  Read Replies (2) | Respond to of 206325
 
Greenie, HAL is a trade based on technicals only! People need to be aware of that. Fundamentals have no place here.

I have been studying a lot about trading based on nothing but the technicals and I have found that even junk stocks have value.

Ever been to a garage sale? The seller says, "I can't believe someone bought that for 5 bucks." The buyer says, I can't believe they sold that to me for just 5 bucks." Everything is relative, I suppose.

I have found that when most stocks have a huge drop, level off and drop again, the third day of a big sell-off is usually good for a bounce trade. Keep in mind the first bounce is the best bounce.

Anyone looking to buy HAL at this point needs to think short term, maybe just a day or two, unless the stock continues higher.

The candlesticks along with the volume called for a speculative play on Friday. Jim and I discussed how the stock should perform through the day in determining whether to sell or hold. The objective was to keep HAL in play if it would close above 10 and/or rise into the close.

During the last 15 minutes of trading, we saw some profit taking. The 1 minute chart shows it increasing into the close.

stockcharts.com[h,a]jaclyiay[pb20!b10!f][vc60][iut!Ub14!Ua12,26,9!Lh14,3!Lc5!Ll14!Lj[$spx]]

The stock rose in after hours, so now we wait and see.

You are correct about the fundamentals. One should be nervous about them. Hence, one should also be nimble with today's trading should HAL decide to head back down instead of confirming the hammer pattern on Friday.

HAL may not turn out to be a good longer term hold, but then it could. It's hard to say right now. The only thing that I felt sure about was the candlestick pattern while it was developing on Friday. Jim recognized the same thing and capitalized on it in a big way. Ahhh, the fire's got to burn in the belly to play these short term games.

Way to go Brother bum!

dabum