Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: bramble88 who wrote (28083)	2/20/2003 5:25:32 PM
From: X Y Zebra	Read Replies (2) \| Respond to of 57110

on BGEN Do you think there may be an attempt to cover the gap first? possible... in the attempt, it would be interesting to see the strength of it and then ss if not strong... there could be enough dip buyers to make a strong attempt, i do not know... looking at a fibonacci retracement (using low of Oct 9/02 [28.89]throuh high of Nov 25/02 [46.23]) there was support (now resistance) @ 35.59 today, it open at 35.70 and then went through to close @ 34.96... it is also below its 50 day m/a (39.07) which helps the case for more downside... however you make a good point and that possible attempt to close the gap might give the shorts a better entry if in fact the downtrend does continue (which I would say that it does...) Thanks... et voilá (Jorj, this is an "e-Signal chart" ) share.esignal.com instructions on "how to" esignalcentral.com ** NEWS ON VZ *** ________________________________________ Verizon Comments on FCC UNE Decision PR NEWSWIRE - February 20, 2003 16:47 WASHINGTON, Feb 20, 2003 /PRNewswire via COMTEX/ -- Today the Federal Communications Commission announced it is adopting new rules for network unbundling obligations of incumbent local phone carriers. The following response should be attributed to Tom Tauke, senior vice president-Public Policy and External Affairs for Verizon. "The Federal Communications Commission had a great opportunity today and blew it. Rather than bringing stability, certainty and clarity to the regulatory structure for the industry, the commission left a void and handed off the decision-making to the states. This is a recipe for continued disarray in the industry and more litigation. "The future of telecommunications is broadband, and on this issue the commission appears to have moved in the right direction but may have important details wrong. Moreover, the future investment in the wireline network is tied to a strong financial base for the overall business. "This is the third time that the FCC has attempted to write rules for network unbundling pursuant to the Telecommunications Act of 1996. This attempt looks a lot like the other two and we expect a similar result. "This ruling is yet another sad chapter in the FCC's attempt to thwart the intent of the statute and establish a flawed model for competition in the telephony industry. "In the long haul, these rules hurt consumers, who are denied the benefits of robust competition and more investment; they hurt workers, who continue to lose their jobs in the communications industry; and they hurt the economy by thwarting the investment and innovation in networks that can deliver great advancements in productivity to our nation. "I fully expect that Verizon will appeal portions of this order. And Verizon will continue its fight on all fronts -- Congress, courts, states and the FCC -- for real deregulation and real economic growth." SOURCE Verizon CONTACT: Larry Plumb of Verizon, +1-202-515-2522, or Lawrence.d.plumb@verizon.com /Company News On-Call: prnewswire.com URL: verizon.com prnewswire.com