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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?


To: Sergio H who wrote (12326)5/5/2003 9:11:13 PM
From: mph  Read Replies (2) | Respond to of 13094
 
thanks.

I was waiting for you.:)



To: Sergio H who wrote (12326)5/5/2003 11:20:26 PM
From: Bucky Katt  Respond to of 13094
 
And just what does that chart, in your opinion, tell us, as the speculating public?
And then there is this>

Ted Turner slashes AOL stake

Founder of CNN, the largest individual shareholder, unloads 60 million shares of AOL Time Warner.
May 5, 2003: 8:48 PM EDT
By Jake Ulick, CNN/Money Staff Writer


NEW YORK (CNN/Money) - Ted Turner unloaded more than half his stake in AOL Time Warner Monday, the media company said, cutting further his financial ties to the company that runs the news organization he founded: CNN.

Turner's sale of 60 million shares raised some $792.6 million, based on the current share price, and amounts to about a third of his net worth, using calculations from Forbes magazine.


Ted Turner
But the divestiture by Turner, who has been critical of the 2001 purchase of Time Warner by America Online, doesn't mean he will disappear from company affairs. The 64-year-old, who remains the AOL Time Warner's largest individual shareholder, plans to stay on the company's board.

Turner told AOL Time Warner he sold 50 million shares of AOL to diversify his financial holdings, according to a statement from AOL Time Warner. Turner, who held about 105 million shares before the sale, also transferred 10 million AOL shares to a charitable trust. These were also sold, AOL said.

Turner, the nation's largest private landowner, had a net worth of $2.2 billion last year, ranking him 80th on Forbes magazine's tally of the richest Americans.
(((This Turner dip cost me a pile of $$$ due to the fact he and his wife at the time, one Jane Fonda, owned property adjacent to a nice gold shaft I had an interest in in New Mexico....)))
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And this tidbit of wisdom>>>

"...resources have been misallocated because of the cheapness of credit in both stock and credit markets. So, you're not going to solve the problem by making money cheaper again."
- Al Friedberg, Welling@Weeden, March 23, 2001