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Sprint Corporation Message Board

  • Tech_trac Tech_trac Oct 3, 2000 11:37 AM Flag

    Seems the BEARS have no Patience...

    with selling pressure increasing @ LOWER & Lower
    prices even after the large 800,000+ a few weeks ago.
    Had the Street applauded the Lacy appt (ala ONE)and
    not concluded no one else wanted the job, Selling On
    Strength would not be the winning strategy. We longs have
    been patient enough given the 14 month stalemate and
    indifference to S's great operating turnaround. The only
    bullish pattern offering hope that S has put in a bottom
    is that a broad W Bottom (compound fulcrum) is
    forming with $37 the 1st Buy and $44 the completion Buy.
    A Lacy +++ would have been the $37 level, but we
    got instead a re-test of the LOWS!

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