It is not good business in trading to fall in love with or in hate with any one company. Go with the research, the current facts, and the history of a stock and don't be afraid to change your position. Many traders make that mistake and fall in a deep hole.
I'm not going to be wrong twice on this stock in one year so quickly, but my preleminary prediction is that the next leg down will take us below $30 this time once confessions get underway in a week or so. So, we'll see $29 alright, probably as soon as June. That's not the end of the world though for you rationalizers. The stock will have another leg up above $30, so I will get to predict ANOTHER $29 share price once that occurs.
Sorry ... I'm not going away until my $19 a share lives to see its day. I've been wrong, (my mulligan), but never again.
Cover your short early.....this is a very bad stock to short.....find an easier mark. HWP is a good one to short. Fiorina will take that company down like she did LU.....too bad the Packards haven't been able to block her latest moves. SBC is too strong. It is a very predictable stock and will not go below support levels. Whitacre holds a tight reign on this company. SBC, BLS, and VZ will be standing when the others have gone by the wayside. I am not comfortable any direction in this stock but long.
>> At the end of his show tonight Cramer says WCOM is going to ZERO! GOD HELP ALL THE WCOM INVESTORS (Or should I say WCOM Paper Holders)
All of the telecoms are going to zero, my friend. These last few years have proved that telecom cannot operate in any other way than a regulated monopoly or a government run service.
The RBOCs may well survive, but only as monopolies. It depends, in part, on whether the IP networks can be taken down. With the liquidation of KPNQwest, Europe will lose most of its internet access. When UUNET goes in this country, North America will lose its access. When the internet dies - as it will - POTS will rule the telecom sector again, as it did for the first hundred years.
>It depends, in part, on whether the IP networks can be taken down.
Actually, SBC has just announced a major VoIP (including Centrex) initiative. SBC has no interest in letting the backbones slip away. UUNet is big, but SBC does have alternatives. And if the UUNet bits come up for sale, SBC would no doubt love to pick up some strategic parts to support their new inititive, if the price was right.
It took a genius like Bernie Ebbers to figure out how to NOT make money on UUNet.
Resale of local is legal according to the Supreme Court. You can't appeal any higher than that.
Your argument about WCOM having only 6.4 Billion in cash flow is totally valid, but why would WCOM want to buy a Local Line Provisioning Company like SBC when all they need to do is lease the line and sell service on it with the Neighborhood program.
6.4 Billion in cash flow is a heck of a lot of money. Only Verizon is doing better as best as I can tell.