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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (16517)7/26/2002 11:52:53 AM
From: Sharp_End_Of_Drill  Read Replies (1) | Respond to of 36161
 
UAL now trading in the 4's.

Debt/equity 4.0 per Yahoo, and 71% of shares held short.

Anybody care to take a bite of this debt sandwich?

Seems like all the heavily in debt companies are now facing bankruptcy as their refi capital has been cut off. If this continues corporate America will have an entirely new face soon, as most large companies are heavily in debt after the 90's orgy of excess.

You can lead a bank to the spring of cheap funds, but can you make him lend?

Sharp



To: isopatch who wrote (16517)7/26/2002 12:00:49 PM
From: TheBusDriver  Read Replies (2) | Respond to of 36161
 
No idea Iso. When we held $305 there for a bit I was thinking this might be the bottom, but now we have broken that support.

I will say this: stocks are getting cheap enough now that I am seriously considering wading back in on a select few.

This almost looks like capitulation to me. BWDIK? I was more worried two days ago than I am today. In the eye of the storm maybe?

Wayne


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