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The attached is a representation of all the swings which have
occurred from a 9 pattern since 1995.
Note that few of them exceed the prior peak.
Also note that this last down leg is a lot steeper than any before
and is almost as large in magnitude as the worst that went
before.
Clyde
- - - - - - - - - - - - - - - - - - - - - - - - - - - -
Clyde Lee Chairman/CEO (Home of SwingMachine)
SYTECH Corporation email:clydelee@xxxxxxxxxxxxxxxxxxx
7910 Westglen, Suite 105 Office: (713) 783-9540
Houston, TX 77063 Fax: (713) 783-1092
Details at: www.theswingmachine.com
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----- Original Message -----
From: "profitok" <profitok@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, September 22, 2002 10:36 AM
Subject: Re: [RT] LU
> I would also take 10-15 cents and bail out
> Ben
> ----- Original Message -----
> From: "Gary Funck" <gary@xxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Sunday, September 22, 2002 9:38 AM
> Subject: RE: [RT] LU
>
>
> >
> >
> > > -----Original Message-----
> > > From: Daniel Goncharoff [mailto:thegonch@xxxxxxxxxx]
> > > Sent: Sunday, September 22, 2002 5:20 AM
> > > To: realtraders@xxxxxxxxxxxxxxx
> > > Subject: Re: [RT] LU
> > >
> > >
> > > LU is interesting, if the data I am looking at are correct.
> > >
> > > Market cap is down to $3.6BB, and cash per share is $1.58. A buy out
> > > around $1.50 pays for itself!
> > >
> > Something else to look at: net tangible assets,
> > http://biz.yahoo.com/fin/l/l/lu_qb.html
> > dropped from $8.78B to $0.55B in just the past quarter. At the same
time,
> > shareholders equity dropped from $10.6B to $0.9B. With 3.43B shares
> > outstanding, there is about $0.17/share in net tangible assets.
> > LU is projected to lose -$0.59 per share for next year (ending
Sept-2003).
> If
> > they do that, they'll likely wipe out their remaining net tangible
assets
> per
> > share, which will leave the shareholder with negative value per share.
> BTW,
> > revenues are expected to drop from 12.2B this year to 9.5B next year
> (a -23%
> > drop in business) - no one is expecting a turnaround just yet.
> >
> > Even as an asset play, LU looks pretty bad, because of all its debt, and
> low
> > net tangible assets per share.
> >
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
>
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
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>
>
>
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