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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: quote 007 who wrote (5190)	6/24/2002 9:41:02 PM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 17639

you have to change your alias now.. King3LS

To: quote 007 who wrote (5190)	6/24/2002 9:42:14 PM
From: SusieQ1065	Read Replies (2) \| Respond to of 17639

you sure are the King....here's one that looks kind of interesting....it has no P/E.... Bearish Play...TDS Play Description There's no relief in sight for the telecom sector. In fact the news just keeps getting worse and worse. WCOM had its debt rating cut by Moody's late last week. SBC reported that it had reduced its stake in a Latin American telecom investment. Qwest Communications was downgraded by AG Edwards Friday morning. And the KPNQwest network was scheduled to be shut down in a matter of days. They say that it's always darkest before dawn, but unfortunately for telecom, it just keeps getting darker and darker, with no dawn in sight. That spells trouble for the high priced stocks in the telecom sector who have become favorite targets of the short sellers. And at $62, TDS is one of the highest priced stocks in the group seeing as most of the once telecom bellwethers sport single digits now. TDS' price action last week revealed the classic short selling pattern of a sharp two day short covering rally, followed by more selling the latter part of the week. The stock traded back down to near its relative lows during last Friday's session, which puts TDS at risk for a big breakdown going into next week's trading. Traders can look for a high volume decline below the $61 level next week on further deterioration in the telecom sector. And confirm weakness in the broader market before entering a momentum based put play. If the stock does go through another short covering rally, just step aside and let the nervous shorts carry the stock up to a more favorable entry point closer to the downward sloping 10-dma, which finished the week at the $65.24 level