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Nothing's perfect....and if you could predict the future, you'd own the world.David (taking his lumps with TLAB too)
This was just posted on Briefing.com:14:58 ET Tellabs (TLAB) 21.20 -1.10 (-4.9%): Sources at Lehman telling us they expect the company to pre-announce this week for FY01 at $1.10. The current First Call consensus is $1.47.Paul
I sold this unbelievable total dog. Took a 30% loss on this pigin less than 1 week...after it had already come down so much it wasabout 30-40% below it's BI low when I got it. At about 30-31..itREALLY looked like it had bottomed..but nope..down every day withouta hitch.Now level3 is laying off.
Well, at least no one's talking about a year-end recovery for tech and no recovery for telecom for even next year.Valuations are re-adjusting rapidly to reflect this.David
Yep..but too late to know this as I took about a 28% loss on this dog selling at around 22..and have watched it continue to plummet to 17 or thereabouts...I also bought sbc and apa..both are down further. I'm pretty sure sbc will rebound..but don't know about apa.
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