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Non-Tech : MBNA (KRB) -- Ignore unavailable to you. Want to Upgrade?

To: Albert Youssef who wrote (59)1/5/1999 2:04:00 PM
From: robert marshall  Read Replies (1) | Respond to of 119
 
Albert:

A drop of 20% is only a dip to 19. Charts show that is quite possible.
Agreed it will stay at 24 until all 50MM shares are sold. But that large of offering is dilutive to future earnings and everybody knows that. Once all the new players are on board the stock will go lower in my opinion. I am waiting to buy - thinking about shorting short term.

Actually Worden Brothers BOP Rating showed major selling yesterday and today. That has been a good indicator of a drop in share price in the past.The strong market is helping these guys finance their 1.2 Billion dollars they need but it will hurt them in the long run.



To: Albert Youssef who wrote (59)1/24/1999 1:06:00 PM
From: robert duke  Read Replies (1) | Respond to of 119
 
It doesn't look like the 50 million shares made a dent. The stock is at 27 1/2 and moving higher. Earnings were good. And I bought in at 22 1/8 so the 50% barrier is closing in rather quickly. Need to hit 33 to make 50% goooooooooooooooooooooooooooooo.


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